select
|

More buyers seeking out Zinkwazi

If your idea of a perfect holiday is waking up to both the sound of the surf on the beach and the cry of the Fish Eagle, then Zinkwazi Beach on the KwaZulu-Natal North Coast is the place for you.

Still largely undeveloped, it is known as the “Jewel of the North”, and boasts no through road, no trendy clubs and no glitzy nightlife – just great swimming beaches, a lovely lagoon for water sports and lots of fresh air and sunshine.
 
Consequently, most of the resident population is made up of retirees, says Derek Tavendale, the new Chas Everitt International Notebook© licensee in Zinkwazi Beach and most of the properties in the village are holiday homes bought as investments many years ago and available for short-term rental.
 
However, he says, the village has started to get a lot more exposure and interest from upcountry buyers seeking to relocate their families to the North Coast since the opening of the King Shaka international airport just 35km away, and there is also rising demand for property here among younger buyers who work in Umhlanga and Ballito but want to live somewhere quieter.
 
“And the good news for them is that prices here are still reasonable, although they are starting to rise thanks to the increased demand and constrained supply because there has been no new development here in years.”
 
According to property data company Lightstone, the average price paid for freehold homes in the village during the past 12 months is R2,8m, and that for sectional title properties R2m. The prices of homes currently advertised for sale start at just over R1m, and there are many empty stands for sale at prices starting from about R500 000.
 
Derek, who worked in IT for many years and then as an agent for another national real estate company, says he chose to work under the Chas Everitt International banner because it is “a breath of fresh air” in the real estate industry that seeks to enable its licensees rather than regiment them.
 
“And it has the technology and business systems to allow me to offer the full range of estate agency services all under one roof. This makes all the difference when it comes to ensuring that a business succeeds in a small market like ours.”


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 18 Jun 2018
      Many home sellers are motivated to appoint estate agents because they know that the agency will carry the costs of advertising and marketing their property.
    • 18 Jun 2018
      When a property is sold when it has a tenant in occupation, the questions often raised are: “What happens to the tenant if the landlord sells the property?”, and what rights the tenant will have with regards to cancelling the lease or enforcing it, says Sunell Afrika, rentals manager for SAProperty.com.
    • 18 Jun 2018
      Sellers are often caught off-guard by the expenses incurred in the selling of a property. Just like there is no such thing as a free lunch, there is also no such thing as selling your property without incurring at least some costs.
    • 15 Jun 2018
      The second quarter of 2018 has proven to be the turning point for Midrand’s real estate market, especially the upper end which started to waver towards the end of a tumultuous 2017 with a notable drop in both sales and average selling prices.
    • 15 Jun 2018
      According to data recently released by FNB, the average age of a South African home buyer has increased from 38 to 44 this year. In an attempt to help first-time buyers enter the market sooner, Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, walks us through the steps of saving for your first home.
    • 15 Jun 2018
      Putting your house on the market can be a stressful process. There are so many decisions to make that will impact how quickly your house is sold and for how much you can sell it for. It’s a serious money game where you can’t afford to make the wrong decision.
    • 14 Jun 2018
      The word tourist describes someone who is visiting South Africa for a limited time and is probably not going to buy a property here – so why is the tourism industry so important to the real estate sector?
    • 14 Jun 2018
      Serengeti Estates has entrenched its status as one of Johannesburg’s most desirable addresses for a spectrum of homeowners with its launch of The Signature Residences, a new cluster village.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK