The KwaZulu-Natal mid-south coast areas including Scottburgh and Pennington are in huge demand among those seeking to acquire homes for retirement purposes, and Pam Golding Properties area principal Stefan Nel says the area could well become a retirement mecca, particularly for upcountry buyers.

“With a waiting list of 800 at the local Umdoni retirement village and 114 units currently being built and anticipated for completion by December this year (2010), this area of the south coast is a destination of choice for upcountry residents as well as those currently living in Pietermaritzburg and the KZN Midlands.”
Nel says several other retirement projects are in the pipeline and in various stages of planning, which will cater for consumer requirements across a broad spectrum. One of these is a retirement village planned at Elysium, a tranquil and scenic hamlet located between Mtwalume and Ifafa Beach, where approximately 500 stands will be priced from approximately R500 000.

Says Nel: “The high appeal of this region is not surprising – this is a picturesque, peaceful area with a temperate year round climate. The mid-south coast has undergone a slow transformation in terms of increased population growth and infrastructural improvements, however, tranquillity and the natural beauty of the area has not been compromised.
“The Scottburgh Dynarc mall has been revamped and doubled in size, and word is that further extensions are soon to commence despite the completion of the massive Galleria shopping centre further up the coast in Amanzimtoti, just south of Durban. In addition, various developments are planned for thousands of hectares of land presently under sugar cane in the areas from Umkomaas through Scottburgh to Pennington. These will incorporate commercial nodes including beachfront hotels with extensive boardwalks, an extensive residential component, as well as light industrial parks,” he says.

Currently PGP is marketing three homes in Dunewood, a development just a short walk from the beach and close to all amenities, including a new supermarket. The four-bedroom homes are priced between R1.8 million and R2.1 million.
Commenting on the residential property market in general Nel says the mid-south coast is receiving substantially increased interest compared to last year. “Interest from the

KZN north coast is increasing, attributable perhaps to the increased traffic and noise levels since the opening of the new King Shaka International Airport, as well as the good value for money of property here,” he says.
The areas of Umkomaas, Scottburgh and Pennington through to Bazely remain popular as holiday home destinations, with the R900 000 to R1.3 million price range the most active and representing good value for money, he adds.

Issued by Gaye de Villiers

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