Seeff Property Group predicts development opportunities will fuel property market growth in the KZN South Coast
During COVID-19, many people relocated to the Kwa-Zulu Natal (KZN) South Coast permanently or semi-permanently. Today, the area’s popularity continues to grow, and it’s easy to see why. South Coast offers a plethora of investment opportunities, thanks to its breathtaking coastal towns with Blue Flag beaches, surfing and diving spots, and numerous golf courses.
Boasting a sub-tropical climate and a laid-back beach lifestyle, this location is poised for the next development boom, reports Joleen Giraudeau, Property Practitioner with Seeff South Coast. Even without the appealing climate and lifestyle, the area benefits from its proximity to the Durban metropolitan (most towns are conveniently located within a two-hour drive), and most towns have basic infrastructure in place
Why Invest in KZN South Coast Property Developments?
Coastal properties offer a high return on investment, but that’s not all. There’s something to be said for life on the edge of the ocean, especially if you’re yearning for a slow pace, and if it’s tranquility you’re after you don’t need to look any further than KZN South Coast.
The following are two additional reasons to invest in KZN South Coast property:
- Property prices are still relatively affordable compared to other coastal regions. Several multi-million-rand developments are also underway.
- Many of the small towns are undergoing a revival as residents and businesses clean up and restore the areas, making it an excellent time for investors to consider this region for their next investment opportunity.
Popular KZN South Coast Property Developments
KZN South Coast is ideal for retired couples seeking a beautiful coastal lifestyle or families looking for a wholesome environment to raise their children. Phelisa Mangcu, CEO of the South Coast Tourism and Investment Enterprise, even considers the KZN South Coast the primary choice for residential buyers and expects the area to experience economic and development growth.
Notable KZN South Coast property developments include the following:
- Serenity Hills Eco Estate in the Margate area, which caters to all age groups (including retirees) and promotes eco-living.
- The Renishaw Coastal Precinct in the Umkomaas/Scottburgh area is also a significant development, covering 2.6 million square meters with mixed-use zones that include residential, retail, educational, health care, and light industrial/commercial components.
The development location is only 48km away from Durban, providing an excellent opportunity for those looking to live in a peaceful environment while still being able to commute to work if necessary.
The development presents significant investment potential, particularly "Node 2A," the first of several available plots.This entire portion of land has already received environmental approval for medium-density housing, with 24.25 ha of developable land available for purchase by interested investors.
KZN South Coast is quickly becoming a desirable location for buyers. Take advantage of its investment potential, and consider purchasing South Coast property or land. Seeff's expert advice on property investment can help you make a wise and profitable decision.
We also encourage you to speak to one of our Property Practitioners for guidance.
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