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ith its year-round, sunny climate, appealing beaches and lush, subtropical environment, Durban is a favoured destination among visitors as well as home buyers, with a broad array of suburbs and homes to choose from to suit all budgets.
For family home purchasers a key factor in their choice of location is proximity to good schooling, and in this regard there are a number of eminently suitable, centrally situated suburbs with access to reputable government and private schools.
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Fortunately, in Durban, there is still sound value for money to be had and as a result, this metro is experiencing solid demand with many home purchasers being salaried earners looking to gain or expand their foothold on the property ladderincluding an influx of young professionals.
Most activity is currently in sectional title units mainly priced between R600 000 and R1.5 million, and in terms of freehold residential property, anything under R1.8 million. However, properties across the spectrum are selling, and we have seen a very good response to the launch of a brand-new residential development in prime location on Essenwood Road, with units ranging from R2.44 million to R3.8 million.
Conveniently positioned with access to major routes to the north, south and inland, and with a host of amenities and outdoor leisure activities, Durban’s residential property market is ideally placed to capitalise on its perennial popularity among home buyers across all generations.