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Real Estate in Plettenberg Bay, South Africa | Digital Nomad Exchange
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Real Estate in Plettenberg Bay, South Africa

By Betsy Burlingame

Last updated on Nov 12, 2024

Summary: People living in Plettenberg Bay, South Africa offer advice about real estate. How do you find a home in Plettenberg Bay? Should you buy or rent? What is the cost of housing?

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William Russell
William Russell
William Russell

How do I find a place to live in Plettenberg Bay?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Plettenberg Bay, involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a small apartment to a large house, depending on your needs and financial situation. Next, you should research the different neighborhoods in Plettenberg Bay to find one that suits your lifestyle and preferences. Some areas might be closer to the beach, while others might be closer to the city center or have better access to public transportation. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms where you can find listings for rentals and properties for sale in Plettenberg Bay. Websites like Property24, Private Property, and Gumtree have extensive listings for this area. You can filter your search based on your preferences, such as the number of bedrooms, price range, and location. Make sure to read the descriptions carefully and look at all the photos to get a good idea of what the property is like. If you're not comfortable conducting the search on your own, you can also hire a real estate agent. They can help you find properties that match your criteria, arrange viewings, and guide you through the process of renting or buying a home. Once you've found a property you're interested in, you'll need to contact the landlord or real estate agent to arrange a viewing. This will give you a chance to see the property in person and ask any questions you might have. If you decide to proceed with the property, you'll need to negotiate the terms of the lease or sale, complete any necessary paperwork, and arrange for the payment. Make sure to read any contracts carefully before signing. Finally, once everything is in order, you can move into your new home in Plettenberg Bay," explained one expat living in Plettenberg Bay, South Africa.

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What is a typical expat home or apartment like in Plettenberg Bay?

"A typical expat home or apartment in Plettenberg Bay, is often a spacious, modern property with stunning views of the ocean or the surrounding mountains. These homes are usually designed to take full advantage of the natural beauty of the area, with large windows and outdoor living spaces. Inside, the homes are comfortably furnished, often with a mix of contemporary and traditional African design elements. The living areas are typically open plan, with a large kitchen and dining area that flows into a comfortable living room. The bedrooms are usually large and airy, with plenty of storage space. Many homes also have a private garden or patio area, perfect for outdoor dining or simply relaxing in the sunshine. Some properties may also have a swimming pool or access to communal facilities like a gym or tennis court. The homes are often located within secure complexes or gated communities, providing an added level of safety and security," said one person in Plettenberg Bay.

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What is the average cost of housing in Plettenberg Bay?

If you are thinking about moving to Plettenberg Bay, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Plettenberg Bay can vary greatly depending on the type and location of the property. As of recent data, a standard three-bedroom house in a residential area may cost around the mid to high seven-figure mark in South African Rand. Luxury homes and beachfront properties, on the other hand, can reach into the tens of millions. Apartments and townhouses can be more affordable, with prices often falling in the low to mid seven-figure range. However, these prices are subject to change and can fluctuate based on the real estate market," explained one person living in Plettenberg Bay, South Africa.

Should I buy or rent a home in Plettenberg Bay?

If you have not spent a lot of time in Plettenberg Bay, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Plettenberg Bay, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Plettenberg Bay for a long time, buying a home could be a good investment. Owning a home allows you to build equity over time and could potentially provide a return on investment if property values increase. On the other hand, renting might be a better option if you're not planning to stay in the area for a long period or if you prefer not to have the responsibilities of home ownership. Renting can offer more flexibility, as it's easier to move if your circumstances change. It also means you won't have to worry about maintenance costs or property taxes, which are typically included in the rent. It's also important to consider the cost of living and the real estate market in Plettenberg Bay. If property prices are high and continue to rise, it might be more cost-effective to rent. However, if property prices are low or stagnant, it could be a good time to buy. In conclusion, whether you should buy or rent a home in Plettenberg Bay depends on several factors, including your financial situation, your long-term plans, and the current state of the real estate market. It's recommended to consult with a financial advisor or real estate professional to help make the best decision for your circumstances," remarked one foreigner who made the move to Plettenberg Bay.

About the Author

Betsy Burlingame Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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