Buying Property in Durban

By Lyndi Lawson

It is only in recent years that the Durban property market has taken off in the same way as Cape Town or Johannesburg’s, and while in the past buying property in Durban did not guarantee a good return on investment, the trend is changing. There are a number of possible reasons for this, which make the prospect of buying property in Durban or one of the surrounding areas favourable.

Durban – A Major Player in the South African Economy

Originally centred around a shipping port, Durban is now a major player in the South African economy. The harbour is one of the ten largest in the world and sees more activity than any other in South Africa. The business and industrial centre of KwaZulu Natal, the city is a hub of activity that embraces all the vibrancy and diversity of South African culture.

Attractions to Appeal to Young and Old

Durban has numerous attractions that recommend it both as a city in which to live and one that is ideal for a holiday, making both residential homes and buy-to-let properties excellent options.

Palm-lined streets, well-developed infrastructure and the city enjoys a colourful array of people and cultures. Distinctive and varied cuisine is available on every street corner or in any one of a multitude of restaurants and pubs. A vibrant nightlife excites the young and a wealth of things to do and see around the city ensures that everyone is kept entertained.

The climate is idyllic, with year round sunshine and mild temperatures tempered with the occasional spectacular thunderstorm. The city’s golden beaches are lined with luxury hotels, restaurants and various entertainment attractions such as the SunCoast Casino and uShaka Marine World. If you are buying property in Durban and want a little exclusivity, the nearby areas around Umhlanga are the ideal place to look. Easily accessible, and a mere 15 minutes from the city, this is a good place to own a home or spend a Saturday. Equally appealing, if a little less urban, is the magic of the South Coast with its lush vegetation and pristine beaches.

Affordable Living

Despite the increase in property prices, Durban is still a significantly less expensive location in which to buy property. This makes it preferable to cities that have already experienced their major boom like Johannesburg and Cape Town and now are likely to experience a levelling out. In addition, Durban experiences less traffic than the other business centres and also offers a wealth of excellent private and public schools from which to choose.

Choosing a Property to Buy in Durban

Buying property in Durban offers a number of different lifestyle choices. Properties range from entry-level homes to townhouses, from luxurious flats to exclusive estate living. As an old city, there are suburbs that are steeped in history and culture as well as new, bright and shiny areas, perfect for those in search of modern living and convenience.

The Other Side of the Coin

Despite its appeal, it is necessary for those exploring the option of buying a property in Durban to consider their options carefully and do their homework. It is important that when looking at property, buyers are accompanied by estate agents that they trust and who know the area well. Alternatively, area reports can be purchased online – these will help buyers keep up to date with price trends in the Durban property market, as well as the amenities available.

Property 24 is the leading portal and information resource for those buying, selling or renting property in South Africa. This site, the most used of its kind, boasts the greatest number of property listings which are updated daily. Visit Property 24 for all your property needs.

Article kindly provided by UberArticles.com

Topics: Real Estate | Comments Off

Tags: buying property in durban, Durban property market, homes, house, Investments, property24, Real Estate, Shopping, south africa

Reprint Rights

Comments are closed.