Up-country buyers target ‘Toti

Beachfront property in Amanzimtoti on KwaZulu-Natal’s South Coast is again finding favour among buyers from South Africa’s interior regions.
Deidre Ronnenberg, owner of the local Aida office, says buyers of holiday apartments and flats starting reappearing in the local market in October last year. “After a relatively quiet period in the first three quarters of last year, interest picked up as buyers and investors judged the timing to be right,” she says,
“Lower interest rates and indications that the market had reached the bottom of the current economic cycle spurred new interest, while the upcoming Soccer World Cup tournament definitely contributed to renewed buying activity.”
Two-bedroom, two-bathroom beachfront apartments currently lead the pack in buyers’ choices and those priced at R600 000 and R800 000 garner most interest.
Ronnenberg adds that house sales are also showing signs of renewed activity. “Toti’s fortunes were boosted by the completion of the new Galleria shopping mall as well as planned upgrades to infrastructure by the eThekwini municipality. The new shopping centre not only serves local residents, but also draws shoppers from neighbouring towns and holiday spots.”
She says the trend to upgrade has also taken root among property owners and new buyers. “Older units are being refurbished, giving Toti a fresh, new appeal,” she says.
Houses are selling at prices from about R800 000 for three-bedroom units with double facilities up to R4m for luxury homes that are suitable for use as guesthouses.
The local Aida office, which opened about 18 months ago, has gained a large market share in Toti, says Ronnenberg. “Although the Aida brand was already a household name among local consumers, we have been overwhelmed by the positive response from the market. We have a strong team of six agents and have recently added Colin du Plessis to our team. Colin is a highly experienced area specialist and has taken sales of beachfront properties to new heights since joining us.”
Issued by Aida National Franchises

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 19 Jan 2018
      Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
    • 18 Jan 2018
      New year, new goals! If you’ve resolved to purchase your first property in 2018, then this 6-step guide from the Rawson Property Group is a must-read. It will help you navigate and simplify what is often be seen as a confusing process of buying your first home – right from the house-hunt to the house-warming.
    • 17 Jan 2018
      While the current property market may still favour buyers, it doesn’t mean that they shouldn’t be well prepared before putting in an offer to purchase.
    • 17 Jan 2018
      Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
    • 17 Jan 2018
      As it currently stands, there are four main ways in which a home can be bought in South Africa, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who adds that deciding in which legal entity to purchase the property is not a decision that should be entered into lightly, as each has its pros and cons.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us