Property News - August 2018
Welcome to our Property Investment Newsletter, the aim of which is to keep you up to date and informed as to the most recent property trends and news.
Please feel free to contact us with regards to all your Residential, Commercial and Industrial sales, lettings and property management requirements. We look forward to being of service to you!
The seedlings of the region’s development began as far back as 1851 when the sugar cane industry began to boom. It is these plantations that remained the identity of the town for over a century, and helped grow its domestic economy.
It is hard to believe that just a few decades ago, KwaZulu-Natal’s North Coast was synonymous with vast fields of sugar cane plantations. Today, it is one of the most vibrant and ever-changing regions that has placed KZN as an international travel destination.
Mrs Katie Friedman, a British Citizen now resident in Durban, one of the founding Directors of Urban Lime Properties (specialists in commercial urban regeneration who have invested GBP100m in Durban to date) gave reasons why they chose Africa's premier investment destination city.
The number of cities registering doubledigit annual price growth declined from seven last quarter to three. Cape Town and Dublin are seeing prime price growth soften but for very different reasons.
Bridge City is set to become the centrepiece of an affordable housing development that will see more than 350 units being developed with the first ones being up for sale towards the end of next year. This new residential project will also introduce a first of its kind, rent-to-buy financing model that will further reshape the landscape that Bridge City has already started to transform.