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First-timers give areas faceliftRenewed interest in property on the part of first-time buyers is spurring wholesale upgrading in areas that had become run down or neglected.Upmarket not always best valueInvestors and homeowners who shunned older, lower- to middle-income areas in favour of luxury, upmarket suburbs may have lost out on some spectacular capital gains last year. By Joan MullerLuxury Lagoonside Living Meets Smart Investment at Seahorse, KnysnaDiscerning investors and those seeking an idyllic lifestyle are turning their attention to Knysna, and Seahorse is perfectly positioned to meet this growing demand.