RE/MAX Suburb Trend Report – Amanzimtoti

Renowned for its warm weather and beaches, the popular coastal town of Amanzimtoti can be found just south of Durban along the KwaZulu-Natal coastline.

Area history

Renowned for its warm weather and beaches, the popular coastal town of Amanzimtoti can be found just south of Durban along the KwaZulu-Natal coastline. According to local legend the town was named by the great Zulu King Shaka in 1828. The story goes that when leading his army down the south coast to raid the Pondos, he rested on a river bank and drank the water. After he quenched his thirst he exclaimed how sweet the water tasted and since then the river was called Amanzimtoti meaning ‘Sweet Waters’. In 2009 the KwaZulu-Natal Provincial Geographical Names Committee recommended that the name of the town be changed to aManzamtoti.

Although there is some discrepancy with regard to when the first house was built in Amanzimtoti area, it is estimated that it was around 1895. The first hotel to be built in the area, which happened in around 1898, was to accommodate holiday makers who came by train from as far afield as Johannesburg. A lot of development has occurred in the area since those early days, however today Amanzimtoti remains a popular holiday destination.

Area property information

Adrian Goslett, CEO of RE/MAX of Southern Africa, says that although coastal regions took the brunt of the property slowdown, the supply of coastal properties will always remain limited by geography, which will ultimately lead to price growth. The average price of property in Amanzimtoti has steadily gained momentum and has continued to increase since 2009.

Statistics supplied by Lightstone, a property statistics and information provider, reveal that the current market stock of property available in the area consists of  32.27% freestanding homes and 67.73% sectional title units.

Almost three times as many sectional title units have been sold when compared with freestanding property sales volumes. To date 184 sectional title units have been sold in Amanzimtoti during 2012, while the number of freestanding homes sold during this year is approximately 69. As many as 38.24% of recent buyers in the area are between the ages of 36 and 49 years old, while the highest percentage of recent sellers, around 33.43%, are between the ages of 50 and 64 years old.

Property price trends

Demand for property

Goslett says that property in Amanzimtoti, along with other coastal regions, always remains in demand as the natural features and the relaxed lifestyle attract a wide spectrum of buyers looking for a holiday getaway, the ideal retirement residence, or a change of lifestyle removed from city life. “It is not difficult to understand the appeal of Amanzimtoti among property investors and holidaymakers alike – it boasts a laid-back culture and plenty of attractions, including scuba diving, offshore fishing, extreme adventures, natural scenery and arguably its most appealing attraction; its beaches,” says Goslett. “With the warm Indian Ocean and the area’s tropical climate, these beaches can be enjoyed all year round, which makes the region a great summer getaway and an excellent winter escape as well.”

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