That's the news from Latiefa Jacobs, principal of local agency Harcourts Diamond (formerly Homenet), who says: "Mafikeng is definitely up and coming. For instance, a home that would cost R600k in Lichtenberg will sell for R900k here, and rentals have risen by 25% in the past year.
"Indeed, so popular have rentals become in the town that rental stock is thin on the ground with the average house renting for between R3,500 and R6,500 pm depending on locality."
Meanwhile, the influx of new residents in the wake of the expanded mining activities has prompted new development in Mafikeng.
A sizeable new mall on Nelson Mandela Drive is nearing completion, and there are many new homes going up, notably at the Leopard Park Golf Estate where luxury homes are selling for between R3,5m and R7m. Stands here measure 1,000sqm on average and facilities include a pool, gym and clubhouse.
There are also, says Jacobs, good opportunities for buy-to-let investors, thanks to the high demand for short-term accommodation, and there is a range of property available from R300k right up to R3,5m.
For more information contact Latiefa Jacobs on 018 381 7691 or click here to visit the website.
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