There are a whole host of reasons why the North Coast is a great investment destination. Here are some of the best:
1. Proximity to King Shaka International Airport
KSIA is one of the finest airports in the world in its capacity category. For the 2018/19 financial year, the airport saw around 6 million passengers through its terminals. Its location at La Mercy is 10 minutes from Umhlanga, and 15 minutes from Ballito. With the increase in direct flights from overseas, Durban is seeing a resurgence in its international tourism prospects.
2. Durban Aerotropolis set for development
The proposed Airport City development is expected to create 750 000 permanent jobs and 42 000 000m² of business development, and to accommodate 1 500 000 residents. The investment potential of the massive, mixed-use development is believed to be R1 trillion (MSN).
3. Ethekwini properties are outperforming Cape Town and Johannesburg
Gauteng and the Western Cape are both, throughout their major property areas, stagnating or depreciating, as with much of the rest of South Africa. However, one of the silver linings is that eThekwini is the only major metro to buck the trend (Carte Blanche) – the North Coast being the best performing region in KZN, with Blythedale Coastal Estate well placed to benefit from this.
4. Noth Coast best-performing region in KZN
The North Coast is outperforming traditional property strongholds in Johannesburg and Cape Town. As a whole, this region is the most attractive residential investment area in KwaZulu-Natal. Specific pockets, especially residential estates, are benefitting most from increasing consumer attention. Houses being sold this year have consistently shown between 20% and 25% growth over the last five years, with many freehold homes, apartments, sectional title, and vacant land (87,5% growth) far exceeding this (property24). Developed by elan Property Group, Simbithi Eco Estate, due to its attractive lifestyle opportunities, has been especially inclined towards positive growth.
5. New development in coastal KZN , steadily moving North
From Umhlanga to Blythedale, the North Coast is experiencing a surge of investment across retail, corporate, and residential spaces. Buildings and estates are being built at a frantic rate, and certain parts of Umhlanga and Ballito are unrecognisable, when compared to a few years ago. Numerous mixed-use developments are in various stages of planning and execution. New developments include the Sibaya Coastal Precinct, the expansion of King Shaka International Airport, and new resort hotels set for development at Tinley Manor and Blythedale Coastal Estate.
6. KZN is top in SA for domestic tourism
Statistics taken from Airports Company SA indicate that both domestic and international tourism to Durban are on the rise. Both tourism types rose from 17/18 to 18/19. Most domestic tourists don’t even travel by aeroplane, and during key holidays, most notably Easter and Christmas, our beaches and businesses are flooded by South Africans searching for a taste of Durban and its surrounding coastal areas.
7. Government promises to invest 200 Billion Rand in KZN over the next few years
In October of 2018, R200 billion was pledged for investment in the province by Premier Sihle Zikalala, when he was still MEC for Economic Development, Tourism and Environmental Affairs. A package of some 25 projects, including in KwaDukuza and surrounds, cover various sectors, including property development, tourism, and medical.
8. A wide range of safe and scenic estates
North Coast estates come in a wide range of shapes and sizes, with a variety of models proving successful. Zimbali Coastal Resort, Palm Lakes, and Simbithi Eco Estate are all now established, showing consistent growth and regular sales. The estates themselves have a strong focus on security and fulfilment of lifestyle. Blythedale Coastal Estate, with its 6kms of beach and river frontage, multiple dams, golf course, and 320ha indigenous coastal forest, takes eco-smart estate living to the next level.
9. Residential investments on the North Coast provide excellent returns
(See Point 4). Within the “hotspot bubble” of the North Coast, two gated estates stand out as hotspots within a hotspot. These are Simbithi Eco Estate, at Shaka’s Rock, and Palm Lakes, located further north. Palm Lakes freehold sites are up 73% from five years (property24), with excellent growth in other real estate categories, proving that buying further afield can be immensely beneficial in the medium-to-long run.
10. An amazing lifestyle, with work, beach, malls and leisure on your door step
With an abundance of world class beaches, opportunities for adventure, great shopping malls, and fantastic restaurants and bars, the North Coast of KwaZulu-Natal has it all. For families seeking a lifestyle that’s second-to-none, with activities for everyone, and sweeping, stunning views, the Dolphin Coast is one of the best places to consider buying or renting a home.
While you here:
eLan Property Group has been at the forefront of the KZN property market since its inception in 1997. The company is now a leading developer of lifestyle and tourism investment opportunities in Southern Africa, specialising in North Coast property. Our company takes an active role in community engagement and empowerment, often through the success of our property development initiatives. These innovative initiatives are one of the many reasons for the retention of the prosperous eLan Investor Club database. eLan has created a host of developments of various sizes and qualities, including Simbithi Eco Estate and Blythedale Coastal Estate. Specifications may vary, but all of our developments share a common theme: Green Living is in Your Nature.