Buying property in Amanzimtoti

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 has been called Amanzimtoti meaning ‘Sweet Waters’. 

4 Bedroom House for sale in Amanzimtoti

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 between 2004 and 2007 the number of property sales transactions in Amanzimtoti was remarkably high with around 750 properties sold each year. However, he notes that in 2008 sales volumes dipped, dropping again in 2009. The market gained a bit of momentum in 2010, but has remained fairly stable ever since. Currently around 390 properties are sold in the area annually.

5 Bedroom Home for sale in Amanzimtoti

While the largest percentage of recent sellers in the area are those between the ages of 50 and 64 years old (35.43%),  the largest percentage of recent buyers are between the ages of 36 and 49 years old (37.22%), with 18 to 35 year olds also making their presence felt in the market, accounting for 31.76% of recent buying activity.

Goslett says that according to Lightstone data, property in the area consists mostly of sectional title units (67.84%), with the remaining 32.16% consisting of freestanding homes. He notes that between 2004 and 2008 property prices in Amanzimtoti grew exponentially, with the average price of a freestanding home doubling during that period. While the average price of a sectional title unit stabilised and remained fairly constant between 2009 and 2013, the average price of a freestanding home performed slightly more erratically. Dropping in 2009, the price saw recovery and grew until reaching a record high of R1.273 million in 2011. Although the price saw a slight dip in 2012, the price is currently back to its record levels.

 Property price trends

 Demand for property

According to Goslett, around 44.8% of properties sold in Amanzimtoti last year were those priced between R400 000 and R800 000, while 33.5% were priced between R800 000 and R1.5 million. He notes that 12.3% of properties sold during this period were priced below R400 000, around 9% were priced between R1.5 million and R3 million and 0.5% were priced over the R3 million mark.

Goslett says that property in Amanzimtoti, along with other coastal regions, always remains in demand as the natural attractions and the relaxed lifestyle attract a wide spectrum of buyers looking for a holiday getaway, the ideal retirement residence, or a change of lifestyle from city life.

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