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Wind farm spin-off for Jeffrey's Bay


The wind farm project being established near Jeffrey's Bay has impacted on the demand for rental homes in the area.

Jaco Bothma of Pam Golding Properties says the project has already created about 250 jobs - with the professional staff complement fuelling demand for rentals in the price range from R5 000 to R8 000 per month.
Some professionals are renting properties for as much as R19 000 per month.

From a general market perspective, Bothma says sales activity in Jeffrey's Bay has improved since the start of 2013.
During the 12 months to the end of September 2013 a total of 223 properties were sold in Jeffrey's Bay.