The Kwa-Zulu Natal South Coast is making waves as South Africa's newest property hotspot, positioning itself prominently on the real estate map. Sam Wenger, Development Director for Serenity Hills, sheds light on the region's allure.
"While it took some time for the KZN South Coast to capture investor attention, recent infrastructural investments, burgeoning estate developments, and the irresistible appeal of a laid-back lifestyle have ignited a surge in property demand," Wenger explains.
Local real estate experts, including Barbara Jackson of Seeff Hibiscus Coast, Danie Barnard of RE/MAX Coast and Country, and Trudie Koekemoer of KW Edge, join Wenger in unraveling the factors driving the remarkable rise in demand for properties on the South Coast.
Security in Style
Security is a non-negotiable aspect of property acquisition in South Africa, with a pronounced demand for high-security estates.
"Buyers seek cutting-edge biometric access control and round-the-clock security, empowering them to live and exercise outdoors with peace of mind," Wenger emphasizes.
High Value Pursuits
Buyers are on the lookout for properties that offer exceptional value for money, emphasizing well-priced properties with superior finishes and sustainable elements.
"Given the recent decision by The South African Reserve Bank’s Monetary Policy Committee to maintain the repurchase rate and the easing inflation, the timing is opportune for property investments," adds Wenger.
Top-Notch Facilities
Koekemoer of KW Edge underscores the significance of on-site facilities in maintaining a work-life balance, a top priority for many working individuals. Access to healthcare facilities, particularly on-site frail care and proximity to private hospitals, is a substantial advantage for retirees.
Connectivity Matters
The surge in remote work has heightened the importance of internet connectivity for investors.
"As more individuals embrace partial or full-time remote work, access to fiber and connectivity becomes a priority. Buyers, relishing the freedom to work from home, are also drawn to invest in luxurious homes like those in Serenity Hills," notes Koekemoer.
Laidback Living
Seeff's Jackson observes the trend towards quieter living, drawing people away from bustling city centers and the North Coast. The South Coast offers a retreat from noise and traffic, providing a quieter life without compromising access to modern-day amenities.
Accessible and Unique Estates
Barnard of RE/MAX emphasizes the appeal of estates offering high-quality facilities in close proximity to homes.
Hassle-Free Living
Many purchases in the area stem from individuals seeking an escape from the high costs of maintaining large homes and expansive gardens.
Sustainable Living
Wenger highlights the role of climate change awareness in investors' decisions, with a preference for sustainable features like solar panels and rainwater harvesting systems.
"In the post-Covid era, buyers have developed a heightened appreciation for the outdoors, with the South Coast's year-round warm weather and access to diverse outdoor amenities topping their priority lists," concludes Wenger.
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