Welcome to Durban, the capital city of Kwa-Zulu Natal province. Durban, also known as eThekwini from a Zulu word, itheku which means bay or lagoon, is the busiest bay in South Africa if not the entire Africa and it is also the second most prolific South African manufacturing hub after Johannesburg. Durban, together with its neighbouring areas of eThekwini metropolitan municipality, shares a population of about 3.5 million, making the municipality a largest in KZN, abbreviation for Kwa-Zulu Natal.
The Durban property market has in the passed lagged behind Cape Town and Johannesburg, but is catching up quickly although prices are still somewhat lower than in other big cities. The Durban property market in diverse and caters for everybody from first-time buyers to property investors with bachelor and one bedroom apartments at one end, and luxury real estate at the other. This creates a large buyer pool with stock available at all levels of the market.
With numerous attractions, great scenery and warm subtropical climate, Durban is an excellent choice when looking to invest in property. Durban has also been listed as one of the seven key real estate markets globally that present attractive opportunities for investment in Luxury Real Estate.
Durban has a plenty to offer to the real estate investors and tourists alike. If you are planning to become a resident of this vibrant city, CyberProp has a wide selection of property for sale in Durban and property to rent in Durban on offer.
Durban has 116 active suburbs.
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Full Title and Sectional Title sales in Durban had a combined value of R (not available) with a median price of R (not available) compared to R (not available) with the median price of R(not available) for the prior period.
Full Title sales in Durban had a total value of R (not available) with a median price of R (not available) compared to R (not available) with the median price of R(not available) for the prior period.
Sectional Title sales in Durban had a total value of R (not available) with the median price of R (not available) compared to R (not available) with the median price of R(not available) for the prior period.
For more information regarding property valuations and suburb trends for Durban visit www.SAPTG.co.za
As the third busiest container port in the Southern Hemisphere, Durban's coastal location and its large port has turned the city into a powerhouse of Kwa-Zulu Natal's economy. Although Johannesburg is South Africa's wealthiest city, it depends on Durban Port for the shipment of products to countries abroad, making Durban a third richest city in the country.
Durban has hosted a number of international sports events from the 2003 ICC Cricket World Cup, ICC World Twenty20, the 2009 IPL, 2010 Champions League Twenty20 to the 2010 FIFA World Cup, A1 Grand Prix and 2011 International Olympic Committee Session just to mention a few. If planning to become a resident of this vibrant city, CyberProp has a wide selection of property for sale and to rent.