These days it is all about the KZN South Coast as development opportunities are set to drive property market growth according to the Seeff Property Group.
What makes this market attractive?
The small towns dotted along the coast offer some of the most beautiful scenery and the area is home to many Blue Flag beaches, top surfing and diving spots and at least 11 golf courses. It is renowned for its excellent sub-tropical climate and fabulous beach lifestyles.
The location makes it prime for the next development hotspot, says Joleen Giraudeau, a property agent with Seeff South Coast. Most towns have basic infrastructure and are not too far from a bigger centre. They are also mostly within under an hour to just over two hours drive from the Durban Metropolitan.
Many of the small towns are seeing somewhat of a revival with residents and businesses stepping in to help clean up and restore the areas.
While the area has long been a popular holiday destination, the onset of the Covid pandemic highlighted the benefits of the area to those who want to relocate permanently or semi-permanently, she adds.
Whether you are older and want to retire to the coast, or are looking for a more wholesome environment to raise your children, the KZN South Coast now beckons for residential buyers.
Phelisa Mangcu, CEO of the South Coast Tourism and Investment Enterprise (SCTIE) also recently cited the KZN South Coast as the new primary choice for residential buyers, and said the area is poised for economic and development growth.
Miss Giraudeau says prices are still very affordable compared to other coastal areas and there are several multi-million-rand developments underway. It is an excellent time to get in early and invest now according to Miss Giraudeau.
Eco living forms a big part of the new developments. This includes the Serenity Hills Eco Estate in the Margate area which is already well underway and offers lifestyles for all age groups including retirement.
One of the most exciting developments in the country is the Renishaw Coastal Precinct which lies in the Umkomaas/Scottburgh area which also contains a large eco component. The 2.6-million square metre, mixed-use coastal development includes residential, retail, educational, health care and light industrial/commercial zones.
Being 48km from Durban city, it’s an ideal retreat to reside in and still be able to commute to work if required. She says the development offers huge investment potential with “Node 2A” being the first of many available. A full portion of land is already receiving environmental approval based for medium density housing, with 24.25 ha developable and available to purchase by prospective investors.
Writer: Gina Meintjes