For the past 20 years, there has been a sizeable shift from a Durban Central Business District to a new Umhlanga CBD; the catalyst being the development of Gateway Theatre of Shopping. At the time, it was widely known as the biggest shopping centre in the Southern Hemisphere. With Umhlanga being the new CBD of the greater Durban area, the commute to work from the North Coast is much easier. The trend of investment is heading North up the KZN coast. One reason for homeowners deciding to relocate is the beautiful living environment and relaxed lifestyle that can be expected further North. Ballito is also becoming a commercial hub in its own right. The new and improved Ballito Junction shopping centre attracted an astonishing 12 million visitors in its first year of operation, collectively spending almost R2 billion (https://bit.ly/2Izn9U5). It’s also impossible to look past King Shaka International Airport. This development has made the surrounding area more accessible than ever, and epitomises the trend of investment in KZN moving North.
Andrew Thompson, eLan Sales Director and CEO of Blythedale Coastal Estate, recently explained his “half-moon” model of the KwaZulu-Natal coastline. “It’s amazing what’s happening along the North Coast of KwaZulu-Natal, South Africa. It’s well-positioned and poised for growth”. He added “The catalysis of King Shaka International Airport has been immense and the economic hubs surrounding the airport, namely Durban Harbour and Richards Bay Harbour, make this space the best to invest in from a commercial, retail, residential and hospitality perspective”.
Cape Town has previously been regarded as the hotspot for investment in South Africa. However, that is expected to change. The ongoing drought in that region is a big reason for this. In fact, the North Coast is outperforming Cape Town’s Riviera for the first time ever (https://bit.ly/2Iu4TMK). This is due to semigration from Johannesburg, as these people seek the lifestyle on offer in KZN. In addition, the North Coast continues to be a hotbed for domestic tourism. Domestic tourism is rising across Durban and on the North Coast in particular. Nodes of the North Coast such as Ballito and Umhlanga are particularly in demand, especially during peak season (https://bit.ly/2KmhMwL).