The Franschhoek Valley, located only 45 minutes from Cape Town, is steeped in history dating back to the 17th century. This land was given to the French Huguenots by the Dutch settlers, who then introduced their knowledge of producing grapes for winemaking – today, the region is world renowned for its wine production. Many of these French settlers named their farms after areas in France, which most of the farms still bear today, such as La Motte and La Provence.
Franschhoek also boasts some of South Africa’s best restaurants and is known as the country’s ‘culinary capital’ with internationally acclaimed chefs such as Reuben Riffel at Reuben’s Restaurant, Chris Erasmus at Foliage Restaurant and many others. As of 2014, Franschhoek became a member of the Delice Network of Good Food Cities of the World, and is the only member in the Southern Hemisphere.
Franschhoek also has many festivals and routes, such as the Food and Wine Route and the Artisan Route, among others.
Franschhoek has a wide range of legal titles of properties in the area with majority being freehold, second being freehold in estates and then the remaining evenly split between sectional title units (apartments) and sectional title units in estates. There are only approximately 1 782 adults in this area.
Most of the recent buyers into the area have been middle aged and mature individuals, with recent sellers being mature individuals and pensioners. There have been 81 sales in the area, 9 of which were first time registrations indicating new developments in the area. 4 sales were land only with an average price of R840 000. 7 sales were within a sectional title scheme, with an average price of R3 220 000. The remaining sales were developed freehold properties, majority of which were not in any estate or estate scheme and had an average price of R5 700 000.