Jun
2018
Property located on the Indian Ocean, South Africa’s East Coast is a sun lover’s paradise. With this comes a mixed property market catering for the entire income spectrum in the market.
Margate, a town on the KZN Hibiscus Coast is a highly sought after town with a mixed property usage catering for the residential and second holiday home market of which both are highly rewarding as a long term investment.
Of course a mixed property usage means there is a larger market appeal as apartments will be favored by the second holiday home investors and some of the freestanding homes to and then there is the residential market making up the larger chunk of the freestanding home market and newlyweds seeking the less expensive market in apartments from where to enter the market.
By normal property standards Margate can be classified as middle to upper-class suburb or town.
Margate is a small town with a small commercial business sector and a fair sized construction industry bringing sustainability to the household income of the town. The rest of the market in Margate consists of seasonal and annual tourism with many tourist attractions on offer for those who enjoy exploring.
Due to the age of Margate there is a defined timeline seen in architectural progress which is important for any market to maintain and capture appeal with the public. The architectural styles in Margate thus consist of conventional designs, modern and modern contemporary with the trend of the current designs like Tuscan and Balinese also taking their place in the market.
As a functional residential town Margate has to have schools to cater for educational requirements and there are a number of schools to choose from such as Margate Primary School, Southcity Christian Schools and Creston College.
There are malls catering for retail and entertainment needs such as Southcoast Mall, Hibiscus Mall Centre and Shelley Centre.
Take a tour of the properties on offer via the Myroof web-site.
