|Real estate giant Aida National Franchises is beefing up its presence in KwaZulu-Natal with the opening of a new office in Durban this month and the official launch of the Umhlanga office that began operating in September.|
These will be added to a regional network that already includes franchises in Ballito, Amanzimtoti, Scottburgh and Margate, and Aida CEO Alex Fenwick says further expansion is definitely on the cards.
The franchise rights for both the new offices have been awarded to a trio of experienced business people and estate agents that includes Mark Stevenson, a property specialist with 15 years' experience in the KZN property market.
His partners are Virginia and Richard du Toit - Virginia having cut her teeth in the industry as an agent with the Aida Swaziland franchise.
They say that housing stock in and around Durban is now more readily available than the case was a few months ago, and over a wider price range. "For instance, two-bedroom apartments in areas such as Morningside are on the market from R500 000 upwards while prices for standard three-bedroom houses in areas such as Musgrave begin at R800 000," says Virginia du Toit..
"Prices in Durban North generally range from about R600 000 to R2-million, while most of the properties in Umhlanga, for instance, range between R2-million and R7-million," she says.
The two new offices will serve clients in a wide swathe in and around Durban. They are currently interviewing experienced agents to fill their target complement of 30 agents.
Du Toit says the two offices will initially concentrate on the residential property market before extending into the commercial property market.