No ill wind for ‘Toti in airport move

While excitement grows over the relocation of Durban’s international airport and the implications for the surrounding areas, there has been some concern that the move could have a negative impact on Amanzimtoti, currently the nearest town to the airport.

However, says Eric Morkot, principal of leading local agency Nationlink Amanzimtoti, prospects for the town are actually very good, with the upgrading of the CBD on the cards as well as construction of new shopping centers and entertainment facilities.

“Amanzimtoti is also the gateway to the South Coast tourism playground and with this region becoming increasingly popular with holidaymakers, our B&Bs, lodges and hotels are not worried about any loss of business tourism through the relocation of the airport.

“In fact, the airport doesn’t actually play a major role in most businesses in Amanzimtoti and whatever we might lose will be more than compensated for by the current rapid expansion of our local industry, which will also drive property sales.

”We will also benefit in that we will no longer have any noise from planes landing and taking off, and are hopeful of that the airport site will be put to positive use.”

The most active property sales areas in the town at the moment, Morkot says, are those close to the local schools. “For buyers with children, who make up most of our population at the moment, these areas offer a safer and more convenient lifestyle because children can walk to and from school.”

However, sectional title units are unequivocally the most popular housing option, accounting for around 60 percent of property purchases in the town. Such units generally sell for between R650 000 and R800 000, while most freehold homes fetch between R800 000 and R1m.

There is an approximate 50/50 split between upcountry and local buyers and the Amanzimtoti market also has a large number of investment buyers given its coastal setting, holiday appeal and proximity to Durban.

Article from: www.nationlinkproperty.com