One of South Africa’s most charming and scenic destinations, Franschoek is located in the valley-strewn lands of the Western Cape. Known the world over for its spectacular beauty, world class restaurants, wines and cuisines, the town was founded in 1688 by French Hugenot refugees and is located in the very heart of the Cape Winelands.
Previously a sleepy country village, Franschoek experienced a boom in the 1990s, with the property prices consequently increasing steadily. The picturesque scenery and close proximity to Cape Town – which is only 75 kilometres away – have transformed the town into one of South Africa’s most sought-after residential addresses.
Celebrated for having some of South Africa’s finest restaurants as well as a passionate culture for fine wine, the town is often hailed as the nation’s Food and Wine Capital. The vinery tradition in Franschoek dates back to the 16th century and some of South Africa’s oldest and most famous wine estates are found in the area along with the old Cape-Dutch farmhouses and wine stores that housed them.
Franschoek also houses one of the world’s Top 50 restaurants and a famous Belgian Pâtisserie. The town’s high status reputation has previously discouraged South African buyers from looking at properties in Franschoek as they assume that only international investors are able to afford the properties in the area.
Luckily for local buyers, the property market in Franschoek has become steadily more accessible since 2008 when international investors were hit by the economic recession in Europe. These circumstances have resulted in many sellers revising their asking prices to remain on trend with local market expectations. It is important that buyers use their own judgement and instincts when it comes to the value of a property, since many properties in Franschoek have sold for well below their initial listing prices. Vacant land in the surrounding wine, country and lifestyle estates sell especially well and can be snapped up for very reasonable prices