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SECOND HOME BUYERS RE-EMERGE IN AMANZIMTOTI ON KZN SOUTH COAST

Second home or leisure home buyers are re-emerging and showing keen interest in homes in the Amanzimtoti area of the KwaZulu-Natal South Coast, near Durban, reports Terry Cousins, Pam Golding Properties (PGP) area principal.

“There’s a strong appetite for homes below R1 million as well as an increased demand mainly up to R2 million mark. Recently we’ve sold a considerable number of holiday flats in the R600 000 price range – mainly in the quiet coastal hamlet of Winkelspruit. These are brand new units which became available in a development project right at the end of the housing boom and which are now being snapped up both by leisure and first time buyers,” he says. “We’re also seeing high interest in older blocks of holiday flats and apartments in this same price range up to approximately R2 million.”

As a result of the surge in sales and increased demand for homes in the area, PGP has expanded its number of agents and is also seeking further new agents to cover the areas from Prospecton just south of Durban through to Illovo Beach.
Cousins says the relocation of the airport to north of Durban has precipitated interest from buyers wanting to move to quieter areas on the south coast – but still within easy reach of the city. “While no decision has as yet been made regarding the future of the old airport, we believe it would be positive for the area and the local economy if the site were to be retained as a domestic airport.

“Generally we are definitely seeing an uptake of homes due to the pent-up demand created during the recession. In addition, developers have re-entered the market and we are currently marketing two new residential developments which cater for the affordable market and are ideal for first time buyers.”

The first is a proposed development, Prince Place, comprising 72 units of one, two and a few three bedroom units ranging in size from 50sqm and priced in the region of R400 000. The complex will include a swimming pool and gymnasium for the use of residents. Conveniently located close to the new Galleria Shopping Centre and within easy reach of Arbour Crossing Value Mall, this anticipated residential development is well positioned for those working in these centres.
In an extension of the established townhouse development, Dolphin Terrace in Amanzimtoti, PGP are marketing 50 two and three bedroom homes, and sales have already commenced.

Cousins says there is also increased activity at the top end of the market. An exceptional home now on the market is a luxury four bedroom, four bathroom home situated in Athlone Park with magnificent sea views and two flatlets on the property for additional income generation. Set on a large erf of 2596sqm and priced at R11 million, the air-conditioned home has four reception rooms, spacious patio, balcony, landscaped garden with swimming pool, laundry and scullery. The flatlets consist of a one bedroom and two bedroom flatlet – each with a lounge, kitchen and bathroom.

Issued by Gaye de Villiers


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