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Prime Property

Prime Property

Date: 2019-08-23

KZN - South Africa's Property Champ

It's not all doom and gloom in the seemingly declining South African Property Market.

The latest FNB Estate Agents Barometer indicates that there has been an increase in foreigners seeking properties, particularly holiday homes, in KwaZulu-Natal

Emigration-related property sales have grown in South Africa but there has also been an upturn recently in foreigners looking to buy properties in the country, especially in KwaZulu- Natal and the Eastern Cape

A downturn in foreign property purchases in the Western Cape may play a role in this increase with migration of foreign property investment in other areas of South Africa.

Kwa-Zulu Natal has positioned itself as a strong contender in the South African real estate sector, with the province housing some of the wealthiest areas .

Umhlanga and North Coast suburbs including umdloti, Ballito, Salt Rock, and additional locations which form part of the Dolphin Coast are considered the fastest growing wealth areas in the country. A residential estate property boom in these areas alongside strong corporate and commercial property investment in Umhlanga and Cornubia are a testament to this.

What is happening right now in Umhlanga and surrounding suburbs:

Increased corporate presence and commercial property development in Umhlanga

Industrial/ commercial property growth in Cornubia

Continued development of gated residential estates, secure apartments and mixed use precincts

Investment in buy-to-let properties

Substantial growth in the new Sibaya precinct

Need advice on Umhlanga and Dolphin Coast property developments and investment Contact Prime Property Umhlanga.