Durban North on the up and up

Over a period of only four days in the first week of August, the Durban North franchise of Lew Geffen Sotheby's International Realty achieved confirmed sales exceeding the best monthly sales ever recorded.

Included in the record sales were two properties that each sold for nearly R5 million - which shows confidence in the upper price sector.

Lin Muir, Principal of Lew Geffen Sotheby's International Realty, Durban North, says that "The highest price of these properties sold was in respect of a property on Broadway, with business rights. The property was sold to a buyer shortly after it was advertised, by senior Sotheby's property consultant, Heidi Clements"

"Following hard on her heals, Gillian Steyl - another of our consultants - and her partner, Robina King, sold a residential property in upper Durban North for a similar amount, the same day, one in Umgeni Park for over R2 million," says Muir.

According to Muir, "Durban North is fast becoming one of the hottest property investments, not only in KwaZulu Natal but in the country as a whole. The minimum price realised on any property sold by us during the four day period was R830 000, and it is almost impossible to find property at prices below that figure."

Muir notes that commercial developments and a range of good schools contribute to the appeal of Durban North. "The new Woolworths complex, which will shortly also house the new Sotheby's offices, is just one example of the massive development taking place in the area. We certainly anticipate a growing interest amongst buyers looking for a good quality investment in a sought-after area."
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