Oct
2012
Located at the very heart of Kwa-Zulu Natal's Northern Coast, Ballito lies only 30 minutes north of Durban, and is flanked on the east by vast golden beaches and the warm water of the Indian Ocean. Popular nation-wide as Kwa-Zulu Natal's premier coastal holiday destination, Ballito emits a friendly, relaxed village atmosphere that entices many visitors. This perception of the once sleepy village is rapidly changing, however, as more buyers are viewing Ballito as a permanent residence instead of just a holiday locale. The boom of commercial growth in areas like Umhlanga is boosting property sales further up the Dolphin Coast, with sellers in Ballito reaping the rewards.
Since the town is easily accessible from Durban's King Shaka International Airport, and is in close proximity to other northern coastal towns like Umhlanga and La Lucia, it provides an ideal location for commuters as well as workers in Ballito itself. The town's position has marked it as an up-and-comer for commercial and residential success
Recently, there has been much residential development in Ballito as estates like Zimbali and Simbithi as well as Brentonwood and Dunkirk are popping up throughout the area. This creates an environment in which property prices are less likely to fluctuate according to the leisure buyers' market. It seems inevitable that residential property in Ballito will soon have a very prestigious value - as even the town's planning has taken into consideration the planned and anticipated expansions for the next 15 years. The need for lower cost housing is one that developers are taking into consideration, even though land prices in the area are very high.
While the mix between those who reside permanently in Ballito and those who holiday there is still split 50/50, the economic expansion has been picking up in recent years with the retail sector developing rapidly. Three new shopping malls and various new businesses have opened in the last few years, which in turn creates more jobs and more permanent residents. This has led to the new security and lifestyle estates being developed and investors noticing the opportunity available on the property market in Ballito. Globally, coastal property is desirable and popular and quite often limited in its availability, resulting in a high demand for these properties as well as consistent valuation growth. Since the area has become synonymous with certain beaches and festivals it remains a very popular holiday destination for the younger generation. This of course means that owning residential property that can be easily rented out is a great way to make a return on your investment.
According to local estate agents, the most sought after homes in Ballito are those priced between R800 000 and R1.2-million. As a result of Ballito being considered an upmarket area, there are also beachfront properties on the estates that range from between R1.8-million to R12-million for apartments and freestanding homes for up to R40-million. For those looking to buy a holiday home in Ballito, the numerous estates offer smaller, more easily maintainable lock-up-and-go apartments in close proximity to the airport that are ideal.
Visit MyRoof to view this great house for sale in Ballito, this house for sale in Zimbali Estate as well as this apartment for sale in Ballito.
