Sep
2020
Braamfontein and the central region of the Johannesburg CBD were lagging for a long period when the major commercial companies relocated to Sandton, Rivonia and other parts of Northern Johannesburg.
When property management and property brokering companies like Blue IQ stepped in with redevelopment projects many of the suburbs began to find a renewed appeal with home owners.
Braamfontein Werf has also benefitted from this project to the point where many of the apartment buildings now fall within the exclusive mend of the property market. It is thus safe to assume that the appeal has set a high degree of demand for properties in Braamfontein Werf.
There suburb is now a more cosmopolitan suburb with a dual purpose usage. Due to the fact that Braamfontein Werf is almost within walking distance of UJ and Wits means the rental market is highly competitive and diverse as it is not only student accommodation that is a long term income generating source but also permanent residents seeking to rent in Braamfontein Werf due to its now prime location and status.
Access to the relocated commercial companies is very convenient and the short distances is a huge cost saving on roads such as Empire Road connecting to the M1north for access to Bryanston or along Jan Smuts Avenue for access to Sandton Rivonia and Rosebank.
The various apartment buildings offer various accommodation standards and sizes which mean there is an appeal to a larger audience which ensures and stabilises the market greatly.
Many young single executives prefer the close proximity of Braamfontein Werf and its vibrant downbeat lifestyle above the more glitzy lifestyle of other high end suburbs.
Surrounding neighbours like Melville, Westcliff and the close Park Town have a positive effect in small part to the appeal of Braamfontein Werf.
Due to the many cultural and historic museums the other alternative is tourist rental apartments which are also a stable high demand market even with the Johannesburg CBD.
Take a tour of the homes in Braamfontein Werf via the Myroof web-site.
