KZN Semigration Explained
There has been much said recently about the incredible influx of buyers to the KZN North Coast. Political uncertainty is often seen as a cause for emigration of South Africans, but there has been a noticeable movement of people within our borders. Essentially, those home owners who were originally residents of inland provinces, but have since made a move to the shores of Ballito, Sheffield Beach and Shaka’s Rock.
Crime is an everyday consideration for all South Africans and the abundance of Gated Estates in this region is incredibly valuable to prospective buyers. Secured Developments scatter the region and with the facilities that they offer, there is very little reason for children to leave the front gate. Many now have independent schools within the Estate itself. Even restaurants, gyms and coffee shops have become the norm.
Men and women in business are often able to work from home and if there is a need to commute or travel for an essential meeting, the King Shaka International Airport is often less than 15 minutes away. Whilst it’s true that the Western Cape has been the destination of choice for many land-locked South Africans, KZN offers so much more ‘bang for your buck’.
If one uses the figure of R10 million, it often means an apartment in Cape Town or average sized house in the Northern Suburbs of Gauteng. In Ballito, you’re looking at a five or six-bedroom home. With some suggesting that up to seventy percent of new buyers in the North Coast are from Gauteng, it’s easy to see why purchasing property in this stretch of coastline is investment gold.