Plett voted one of Africa's Top Destinations

Plett scores as Top Destination!

PLETTENBERG BAY SCORES AS TOP DESTINATION

Plettenberg Bay has walked away with two accolades in the annual TripAdvisor Travelers’ Choice Destination Awards. Plettenberg Bay was voted the third best Beach and Sun Destination in Africa and also made the top ten list in the Outdoor and Adventure category when it was voted as the eighth most popular wildlife destination in Africa. According to Bitou Tourism CEO Dianna Martin, these accolades could not have come at a better time. “We have always promoted Plettenberg Bay and surrounds as an all-year destination with unique attractions and offerings and this recognition from TripAdvisor is a superb validation of our belief that we can offer visitors holiday experiences of world-class quality.

FNB Property Barometer - Estate Agent Survey

The latest FNB Estate Agent Survey for September 2010 reflects growing pessimism in the industry as the recession continues to bite.

Economist John Loos summarises the effect on holiday regions as follows:

"All 3 forms of non-essential buying remain unchanged as a
percentage of total buying from the 2nd quarter survey, i.e. buyto-
let buying accounting for 7% of total buying, holiday property
buying 2%, and buying for relatives 1%. However, from the 1st
quarter of 2007, buy-to-let is down from 10%, and both holiday
buying, as well as buying for relatives, down from 5%.
The shift in the composition of total buying away from nonessential
buying has had a profound impact on smaller holiday
property-driven regions".

Read John Loos' full report....