Sep
2014
Durban is, after Johannesburg, the second largest manufacturing centre in South Africa. Hard to believe when you consider that Durban is viewed by many as a tourist destination.
The total area of Durban is huge, at 2292 km2. This also results in a much lower than average population density figure.
Natal was named by Portuguese explorer, Vasco da Gama, and the Portuguese translation for its name means ‘Christmas’.
The Voortrekkers established the Republic of Natalia in 1838 with Pietermaritzburg being their capital.
In 1860 the British settlers established the famous sugar cane industry which still sustains KZN today.
In terms of economy, KZN contributes to 15% of South Africa's national output, 11% of the national employment and 14% of household income.
Remove the ocean from the equation and KZN will compare to any large city in South Africa. It is a self-sustaining province and with the ocean it has added appeal and attraction which relates well to property value in most suburbs.
Because it is viewed as a holiday destination many property investors capitalise on this and invest in a whole range of buy-to-let investments. It is a long stretch of scenic coast which is the main attraction when viewing property as an investment.
Some of the more popular and target suburbs include:
· Margate
· Umhlanga
· Umdloti
· Dolphin Coast
Property values are as varied as the cultures within KZN and it depends on where you wish to invest and what you need. Suburbs such as Umhlanga, Durban North, La Lucia, Salt Rock and Ballito are popular with holiday property investors and owners alike.
Points of interest are:
- Durban International Airport
- Kings Park Stadium
- Ushaka Marine World
MyRoof has your dream holiday home on The Golden Mile or Umhlanga. Follow the links and invest in your holiday home.
