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.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 23 Feb 2018
      RE/MAX Property Associates’ Table View Office, which services property buyers and sellers along the Table Bay coastline and surrounds, has recently sold a home in Woodbridge Island for R11 million – the highest price paid for any home in the sought-after security complex.
    • 23 Feb 2018
      Choosing to invest in an overseas property can be daunting. But as more and more investors recognise the value of a diversified portfolio that includes property outside of their own country of residence, international property investment is growing in popularity.
    • 23 Feb 2018
      The positive change in South Africa’s political landscape is paving the way for an upswing in the local property market.
    • 22 Feb 2018
      An excellent credit score is one of the most priceless assets a potential home buyer can have. This tool has the power to secure favorable mortgage and refinancing rate, influencing everything from the size of the loan repayment to the interest rate on the home loan.
    • 22 Feb 2018
      What do you do if you love your home’s location and the area, but the home no longer fits your growing family’s needs? Do you stay and renovate your existing home or find a home that meets your developing criteria?
    • 22 Feb 2018
      While every owner wants to sell their property at the best possible price, overpricing a home can be the kiss of death for a sale.
    • 21 Feb 2018
      Given the hand they were dealt, government has performed a delicate balancing act which it is hoped will serve to reignite confidence in investment in South Africa, regain our global credibility and satisfy the credit ratings agencies, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
    • 21 Feb 2018
      The real estate mantra, ‘location, location, location’ remains a strong market influence regardless of the prevailing economy, with suburbs like Rondebosch enjoying the buffering benefit of being ideally situated.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us