So says Annette Breytenbach of the local Chas Everitt International franchise, who notes that home sellers in the town are currently more than willing to negotiate and that some are even prepared to sell for less than they owe on their home loans and pay in the difference themselves.
But this does not mean that their properties are not worth buying. Originally a mining town, Krugersdorp is full of reminders of its "glory days" – among them many mine houses with character that have been carefully refurbished and restored.
"Such houses are usually generously proportioned and offer good value for money," says Breytenbach.
"Homes in the West Village area, for instance, can be bought for between R600k and R1m."
Meanwhile, other areas of Krugersdorp are faring well with price tags as high as R1,6m being asked for homes in the area of Randjieslaagte.
"It also offers residents all the benefits of living in a city, such as convenient shops, top schools and excellent sporting amenities, without the disadvantages. Our crime rate is relatively low and our neighborhoods are quiet."
Tourist attractions near the city include the famous Krugersdorp Game Reserve, the Cradle of Humankind, the new Silver Star Casino and of course the Sterkfontein Caves.
From the point of view of potential investors, Breytenbach says the residential rental market in Krugersdorp has "taken off" recently, with landlords getting as much as R6k a month for basic rent, and that there is also fairly strong demand for commercial property in the area.
For more information contact Annette Breytenback on 083 267 4811 or click here to visit the website.
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