It’s been a while since our last newsletter but there has been a lot happening in the background. What I can tell you is that even with the current uncertainty in our country, one thing is for sure, the North Coast of KwaZulu-Natal has become a property hotspot and Blythedale Coastal Estate is experiencing massive demand.
The other exciting news is that we have had an incredible response to our proposed developments in Mauritius. Although we aren’t ready to launch yet, the waiting list is growing. So register your interest now! The launch is imminent, so watch this space.
Buying property has long been considered one of the wisest investments one can make. Property is often a source of stability in turbulent times. This route increases wealth as a good long-term investment. In addition to generating a rental income, property values in the right locations can increase exponentially. There are many tips and tricks to be learned from industry professionals and savvy investors. One of the beliefs held by property experts in South Africa is to “invest on the KwaZulu-Natal North Coast”. Once a recommendation, this has now been accepted as common knowledge within the industry and the stats are justifying this!
The number of high net worth individuals in SA grew by 8 % last year and is expected to grow by a further 28 % in the next ten years. While the mood of investment in SA property is cautious, there are certain areas like KZN and the Western Cape that hold pockets of residential gold! The KZN North Coast area is not only a prestigious holiday destination, but it is fast becoming the preferred home of a growing percentage of SA’s Super Wealthy, with 8% of our Super Wealthy currently living between Durban, Umhlanga and Ballito. The shift in investment to the North Coast is in some part evidenced by newsworthy events, such as the Pearls penthouse being made available for R50 million and also Hashim Amla investing in Saxony Sibaya.
I look forward to seeing you at Blythedale soon!
With best wishes