Fish Hoek property is becoming popular with younger buyers

The suburb of Fish Hoek, about 30 km from the centre of Cape Town, has a reputation for being a sleepy hollow and something of a haven for pensioners.

But, according to Mike Greeff, chief executive of Greeff Properties, the local demographic is beginning to shift.

Until a few years ago, the strict, no liquor licence policy, rendered the seaside suburb a ?dry area?. Alcohol is now sold in restaurants, but there are still no bottle stores in Fish Hoek.

Greeff says older folk are relinquishing the homes they have owned for the last 30 years or so, and are moving to lower maintenance homes or retirement villages. They?re leaving a host of older homes that are being snapped up by younger buyers, who are keen to raise their families in the valley.

?With three primary schools and a high school, numerous shops, restaurants, coffee shops, pubs and a popular beach, Fish Hoek is fast becoming the stomping grounds of an increasing population of professional young families,? says Greeff.

?Fish Hoek property ranges from apartments, townhouses and cluster homes, to family homes, villas, retirement complexes and vacant land. The area offers excellent value for money, particularly compared to other coastline areas on the Peninsula. This accounts for Fish Hoek?s steadily rising popularity among local and international investors. Interest in Fish Hoek property is constant, and prices are slowly but steadily moving up.?

Greeff?s Fish Hoek branch is marketing a number of homes, ranging from a two-bedroomed apartment, with two bathrooms, a lounge, a family room, a parking bay and a communal swimming pool for R750?000 to a four-bedroomed house priced at R4.9 million.

Greeff says his agency?s recent sales include a three-bedroomed Silverglade townhouse for R1.1m, and a three-bedroomed family home for R1.225m.

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