While the general sentiment globally is one of caution and instability, the coastal belt from Durban North and uMhlanga through to the Sibaya node and Umdloti is bucking the trend.
This is according to Carol Reynolds, area principal, Pam Golding Properties Durban Coastal, who says the property market in this growth node is buoyant, driven by huge demand from local buyers and up-country investors. “The market is seeking security, convenience and lifestyle, and this is exactly what developers in uMhlanga and Sibaya are delivering. Pam Golding Properties is currently marketing five developments in this area.”
Pam Golding Properties has released a development in Bellamont Road in Umdloti, comprising four luxury homes in a private enclave. Reynolds says, “Position is everything in real estate, and a secure luxury development with top-quality finishes in a prime address with panoramic sea views is always a safe investment.” The new development, called 90a Bellamont, consists of four 500m2 villas, priced at R12,4m. Two have already been sold.
This article originally appeared in Neighbourhood, Sunday Times.
Take a journey through the Umhlanga neighbourhood here: