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The model for residential estates has evolved over the years to cater for various preferences.
Developers have augmented their offerings and most estates now offer additional amenities.
There is also an increasing number of estates that cater to niche markets, such as eco estates and equestrian developments.
Residential estates are seeking to buck the downward trend in the property market and are relying on an evolving set of drawcards to lure in buyers, experts say. And with greater competition, niche offerings like equestrian developments and eco estates are increasingly on the table.
Previously, the major advantage of residential estates was enhanced security and, in some cases, an additional benefit like a golf course. This model has now evolved and lifestyle estates now cater for various preferences, says Steve Thomas, secure estate specialist for Lew Geffen Sotheby s International Realty in Constantiaberg, Cape Town.