Market

Kwazulu Natal offers property investors a warm climate, lush vegetation and a variety of lifestyle options, including lock up and go holiday homes, luxurious semigration or retirement options and sound residential value. Different areas have different “personalities” though and a closer look at the various regions reveals a wealth of diversity on South Africa’s East Coast.

Engel & Völkers Director for Umhlanga, highlights the activity in this area, boosted by the development of the Dube Tradeport Hub. “The King Shaka International Airport was the first part of this node to be completed and since we have seen a high increase of traffic through the area,” he says. “Umhlanga offers a balance between leisure, residential and commercial properties and the growth of jobs the Dube Transport Hub has created, is further boosting the local market.” Three major new hotels have been built and the legendary Oyster Box has been revamped to international standards.

The Umhlanga market has been consistently vibrant, with a constant stream of transactions. “An average freehold home sells for around R 3.4 million, while the top end properties can reach as much as R 30 million,” Conrad says. “The total turnover in the last year was in excess of R 3.5 billion and 65% of those were cash deals.” The area is sought after and will continue to be for years to come.”

Further North of Umhlanga is also proving to be strong, with Gert Vorster, the License Partner of Engel & Völkers Ballito, highlighting the popularity of estates like Zimbali, Simbithi, Seaward Estates and Dunkirk Estate. “Although Ballito is still a very popular holiday destination for many families, we also found that more families connected to the Dube Tradeport Hub settles here, as it is an easy 15 minutes to commute to the airport,” says Gert. “Add to this the Big 5 Game Reserve in Hluhluwe and Umfolozi to name but two, and KZN is currently being catapulted into being THE destination of choice for many years to come!”

The coastal areas may have the glamour and drama of the ocean, but the Natal Midlands is an area that is not to be discounted. Home to some of South Africa’s historical Battle sites, this area is also proving a popular semigration destination, with easy access to main highways and airports. The Midlands Meander is a popular tourist attraction and opportunities abound among the rolling hills of the area.

“Kwazulu Natal is poised for rapid growth, due to the significant infrastructure growth seen in the province,” says Craig Hutchison, CEO of Engel & Völkers. “We are actively seeking License Partners in the area to grow the brand and services that we offer our customers. There are wonderful investment opportunities at all levels of the market, for buyers from the province from elsewhere in South Africa and abroad.

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