With sales of R150 million to date, only 52 out of the total of 143 apartments are still available for purchase in the brand new, designer apartment development, Le Boulevard, in the heart of uMhlanga on the rapidly expanding KwaZulu-Natal North Coast, according to Carol Reynolds.

Friday, 27 April 2018 10:22

KZN North Coast a buoyant growth node

The year began with renewed confidence across all sectors of the financial and property markets.

Friday, 23 June 2017 10:02

Now its semigration to KwaZulu-Natal

Much has been said about the semigration of buyers – notably Gauteng buyers – to the Western Cape.

Situated towards Umdloti on the KwaZulu-Natal North Coast, the new Sibaya precinct has rapidly become entrenched as the region’s property ‘hotspot’ – a monniker it is likely to hold for at least the next 10 to 15 years.

Modern homes are generally becoming smaller as more people look to live in convenient sectional title apartments or more compact, manageable houses.

With average selling prices of freehold residential property and sectional title homes increasing in value by 56 percent and 34.5 percent respectively from 2010 to 2015 (Lightstone statistics), Durban North’s property market strikes a chord with home buyers and instils investor confidence, particularly in the higher income group.

As 2016 kicks off to a tumultuous start, perhaps one certainty is that the coastal belt from Durban North and uMhlanga through to the burgeoning Sibaya node and Umdloti is still booming.

Encouragingly, the residential property market is currently in an upward cycle and we are seeing a strong resurgence of investors entering the market, says Carol Reynolds, Pam Golding Properties area principal in Durban, Durban North and La Lucia.

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