Apartments have a strong foothold in the market in the buyers and the rental market alike. This is mainly due to the proximity to pre-schools, schools and malls, commercial and industrial hubs and of course the security that comes with living in remote access control. Apartments are well priced depending on the number of rooms and living areas.
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Leaning towards the upper-class segment within the market place means many of the homes are situated on large grounds with some properties on smallholdings and there are a number of vacant stands and townhouse complexes which does open up the market to the middle-class income group and young families entering the market along with a number of farms which could serve as lodges, B&B’s or guest houses as the region is a tourist destination apart from the beachfront of the Durban coastline. This means there are commercial property usage opportunities for investors in the tourism industry in the suburb.
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Property usage in the suburb varies from farm land, smallholdings, townhouses, freehold homes to vacant stands. This means there is ample room in the market to cater for every need.
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The Point caters for a diverse market which consists of young families, well-heeled business men and holiday property investors. This translates to a stable seasonal rental market with high seasonal income.
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The mixed property use comprises apartments, townhouses and freehold homes and the price range will suit most pockets which are one of the reasons the market is stable with a fair degree of demand.
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The suburbs of Port Shepstone, as in any other town, has its various niche markets which also adds to the general demand as there are affordable homes, middle-class suburbs and more upmarket suburbs. In suburbs like Umtentweni there are new townhouse and apartment developments being undertaken which is a further indication of the growing market.
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Himeville is a tranquil picturesque town which caters mostly to the leisure home owners market. Properties in this sleepy hollow are mostly smallholdings and farms and demand for these properties have increased since 2014.
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The understated village/ town of Mtwalume is located on the KZN South coast. It is an unassuming village which has been spared the large scale development with sky scraper beach front hotels and the glitz which translates to a much laid back tranquil atmosphere. It has been mostly a holiday retreat for many years and therefor property values have not increased as much as the more popular markets of say Durban of Umhlanga.
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The town can be described as a middle-class town with a varying architecture from conventional to modern and as the town expands with a number of newly developed townhouse complexes that are more modern it will stimulate the architecture of town towards the modern end of the spectrum.
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Pricing ranges from affordable to middle-class and upmarket values depending on what the individual apartment buildings offer in terms of amenities like private gyms, pools and the degree of security which is convenient as it is a lock-up and go convenience.
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