Healthy Real Estate Growth in Kwazulu Natal
Category Newsletter
Healthy Real Estate Growth in Kwazulu Natal
Kwazulu Natal has been experiencing steady real estate growth. Bond application numbers have increased by approximately 15% in the first part of 2019. The number of properties registered in the province is up by about 20% compared to the same period last year.
Recent statistics indicate that KZN has become an increasingly desirable destination in a market which is gaining popularity as a relocation and holiday destination.
The North Coast is one of the areas which has already experienced considerable growth in the province. Demand in those areas are likely to stimulate longer term price appreciation. The reasons may be found in the development of luxury and ultra-luxury estates along the coastal region. The proximity of King Shaka airport and its surrounding business developments has lifted the entire area.
Take the Sibaya Coastal Precinct, which will ultimately provide 12,000 residential dwellings across freestanding homes, apartments, penthouses and retirement units. This ground-breaking coastal precinct will contain offices, shops, restaurants, educational institutions, recreational and residential opportunities and more. The R15-billion Blythedale Coastal Resort has nearly sold out Phases one and two; and Lush, a development within the Elaleni Coastal Forest Estate, has opened sales for Phase two following the successful conclusion of sales in Phase one.
Author: Prime Property Marketing
