Nov
2013
Amanzimtoti is on the KZN south coast, which was once sugar cane farms and is still one of KZN's main sources of revenue. Tourism is second and this is the right place to be if property investment is your treat.
The property market was stirred up by a R100 billion development plan to convert the Durban International Airport into a dug out sea port by Transnet in 2012.
The first wave to hit the Amanzimtoti market was contractors seeking accommodation, which started increasing the prices. Take into account with this a general stream of holiday investors, and you have a burgeoning market. It is inevitable that there would be a shortage of property with a construction project of this magnitude. The initial growth would have been realised in the rental property market followed by a demand for residential property.
Contractors become permanent residents and would thus invest in property of their own as opposed to renting property. The growth is further spurred on by staff needed to work in the sea port resulting in a greater demand for residential property.
Once this workforce is established, some would look at investing in extra income and the industry sees further growth.
Amanzimtoti, being a holiday destination is the ideal location to invest in specifically due to the industry being set up where sustainability is a positive factor in attracting investors of all walks of life.
Amanzimtoti was named by King Shaka, and the name means “The Water Is Sweet”. With a current population of a mere 15 000 there is room for development and growth.
Attractions in Amanzimtoti is obviously holiday fun, and when the annual sardine run is in full swing most South Africans are on the December holiday break. The KZN South coasts offers scenic drives along the coast, a splash around in a natural rock pool or enjoyment of perfect sunsets.
Rental income either in or out of season is high and investing in Amanzimtoti would be advisable. Resale value is also well within the norm for holiday destinations.
Amanzimtoti offers it all.
Find your holiday home on www.myroof.co.za.
