Wednesday, November 20African Digital Business Magazine

Tag: Franschhoek

Real Estate, South Africa News

Luxurious Age in Place living: Franschhoek’s La Luc Estate reimagines active retirement

Independent and inspirational – the healthy, active and dynamic 55+ age group in South Africa wants community, lifestyle and privacy from their property investments[1]. Property prices in Franschhoek have soared in the last 10 years at an increase of 104%[2] In 2023, the Franschhoek residential property market generated R565 million in sales, with a total of 104 residential properties sold - of which 70 were own title properties worth R414 million and 24 were sectional title properties worth R151 million.[3] The asking price for properties in Franschhoek varies from R3.3 million to R12 million dependent on size and location Franschhoek's property market is characterised by a strong concentration of wealth, rising property values, increasing local demand and limited developmen...