Durban estate agent Q&A

Private Property South Africa
Press

A look at the property market in Durban, and how the expensive areas compare to the rest of South Africa.

Do Durban’s more expensive suburbs compete favourably price-wise with other top areas around the country?

Durban is among Africa’s top 10 cities for US dollar millionaires. By 2025, with an expected 4,000 millionaires looking for homes in this region, high demand will cause prices to rise. Durban’s top suburbs are close to large corporate and commercial companies, King Shaka International Airport, uShaka Marine World, Sibaya and Suncoast casinos. Not only do Durban’s more expensive suburbs compete favourably price-wise with other top areas, but they are still undervalued by comparison and will catch up eventually, making this the place to buy.

Manny Testa: Director, Sotheby’s International Realty Durban North & Umhlanga

What type of amenities do high-end buyers look for when investing?

Umhlanga has been tipped to become the “Dubai of Africa”. High-end developments such as The Pearls of Umhlanga and Oceans Umhlanga are currently taking shape, and this has further raised interest in this suburb. According to statistics provided by New World Wealth, Durban has had the biggest rise in high net worth individual residents in South Africa (29%). Conveniently situated a short distance from King Shaka International Airport, a gateway to Big Five reserves and easy travel to The Midlands and Drakensberg makes Umhlanga all the more desirable for residents, investor, owners and holidaymakers.

Greg Harris: CEO, Chas Everitt Property Rentals Group

What attracts high-end buyers to the more expensive suburbs in KZN North Coast?

Ballito, the Caribbean of the North Coast, is an ideal holiday destination and is fast becoming a destination of choice for permanent living. It also has a growing business district as well as excellent private schools, several top-class shopping centres, a hospital, as well as top quality guesthouses and hotels. King Shaka International Airport is a mere 15 minutes away and will play an important role in the future development of the Dolphin Coast. The Dolphin Coast is home to the Zimbali Coastal Estate as well as the sought-after Simbithi Eco Estate and Golf Estate.

Simon Peacock: Broker/owner, RE/MAX Dolphin Realtors

This article originally appeared in Neighbourhood, Sunday Times.

Share:

Found this content useful?

Get the best of Private Property's latest news and advice delivered straight to your inbox each week

Related Articles

Estate agents view Prestondale
Why local property experts think the property in Prestondale is such great value for money.
Agent commentary on Gardens, Cape Town
Want to know more about the lifestyle and property in this Cape Town City Bowl neighbourhood? Local agents share their views.
Agent Q&A on Waterkant
Local property experts share their knowledge on the Waterkant property market.

Explore neighbourhoods mentioned in this article

Durban Central
Beach meets business
Durban Central is a diverse, colourful neighbourhood that includes the beachfront areas, the Berea, Morningside, Glenwood, Musgrave and the CBD. The beach is the biggest attraction and locals flock the promenade to cycle, run, surf, swim, fish or just catch some sun. There are also incredibly lush parks and open spaces dotted around the neighbourhod for residents to take advantage of. The nightlife in Durban Central is exciting with numerous bars, pubs, restaurants and night clubs in close proximity to each other. As its name implies, Durban Central's location makes it convenient to get to any of the other areas around Durban.
Durban North
Small sophisticated suburb
Durban North is an established small suburb where the people are friendly, and the surroundings are beautiful. It is a family-oriented area with many activities available. Situated between Durban central and Umhlanga, all amenities and schools are located only minutes away. The area boasts spectacular sea and city views. Although it is centrally and conveniently located, living in Durban North feels very much like living in a small town.
Durban South
Seaside suburbs of the South
Durban South has a very family-like feel to it, with spacious homes at affordable prices. Enjoy quiet neighbourhoods and great community living, amongst a diverse range of cultures. The area feels warm and welcoming to anyone and everyone. This part of Durban offers convenient access to beaches, malls, and good schools. It's suburban bliss, just a stone's throw away from the city of Durban. It's the ideal place for those wanting to retire near the seaside.
;