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The upper stretch of the KwaZulu-Natal north coast, often overlooked
as the area further south boomed, is now beginning to gain ground as the
next big property mecca.
Rene Baumann, the ERA Unique franchisee in Richards Bay and St Lucia,
says the region from north of the Tugela River to St Lucia and beyond,
is showing early signs of recovery from the economic doldrums, possibly
ahead of the rest of KZN.
The region includes the likes of Zinkwazi, Mtunzini and St Lucia, the
inland areas of Empangeni and the industrial areas of Mandini and Richards
Bay, offering a wide selection of properties from stand-alone homes to
security villages at prices that range from the distinctly affordable
to the really upmarket.
“It’s an area that boasts the characteristic KZN attractions
of palm-fringed beaches, teeming game reserves and endless mountains as
well as moderate to high year-round temperatures, and it provides a superb
setting for property developments, notably the impressive Zimbali which
is attracting large-scale international and local investment,” he
says.
“The advent of La Mercy airport will also make an enormous difference
to the commuting patterns of the area while the N2 North already provides
world-class road access along the entire coastal spine of the region and
thence inland.”
Baumann admits that the area’s property market has been “somewhat
quiet” in recent months but says that it is now beginning to show
an increase in activity, notably around Mtunzini and Zinkwazi, both of
which have a delightful village atmosphere and are becoming more popular
as retirement and permanent residence choices as well as holiday destinations.
“Employment-wise, the industrial centres of the region are negotiating
the economic storms and although there have been some impacts on investment
plans, a turnaround in the economic climate is likely to bring about a
resurgence in this respect with positive spin-offs for the property market.”
Meanwhile, he says, property prices that have softened in line with the
rest of the country suggest that those with the resources should make
use of the opportunity to acquire property assets that offer real value
for money.
“Indeed we’ve already noticed a definite increase in the number
of investors and this bodes well for the market going forward.”
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Newsletter:
25 May 2012 2012 to 1 June 2012 - Dullstroom, Mpumalanga, South Africa
