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More Buyers Seeking Our Zinkwazi

Category SA Property Market

If your idea of a perfect holiday is waking up to both the sound of the surf on the beach and the cry of the Fish Eagle, then Zinkwazi Beach on the KwaZulu-Natal North Coast is the place for you.
 
Still largely undeveloped, it is known as the “Jewel of the North”, and boasts no through road, no trendy clubs and no glitzy nightlife – just great swimming beaches, a lovely lagoon for water sports and lots of fresh air and sunshine. 
 
Consequently, most of the resident population is made up of retirees, says Derek Tavendale, the new Chas Everitt International Notebook© licensee in Zinkwazi Beach and most of the properties in the village are holiday homes bought as investments many years ago and available for short-term rental.
 
However, he says, the village has started to get a lot more exposure and interest from upcountry buyers seeking to relocate their families to the North Coast since the opening of the King Shaka international airport just 35km away, and there is also rising demand for property here among younger buyers who work in Umhlanga and Ballito but want to live somewhere quieter. 
 
“And the good news for them is that prices here are still reasonable, although they are starting to rise thanks to the increased demand and constrained supply because there has been no new development here in years.”
 
According to property data company Lightstone, the average price paid for freehold homes in the village during the past 12 months is R2,8m, and that for sectional title properties R2m. The prices of homes currently advertised for sale start at just over R1m, and there are many empty stands for sale at prices starting from about R500 000.
 
Derek, who worked in IT for many years and then as an agent for another national real estate company, says he chose to work under the Chas Everitt International banner because it is “a breath of fresh air” in the real estate industry that seeks to enable its licensees rather than regiment them.
 
“And it has the technology and business systems to allow me to offer the full range of estate agency services all under one roof. This makes all the difference when it comes to ensuring that a business succeeds in a small market like ours.”
 
Issued by Chas Everitt International
 
For more information contact
Derek Tavendale on 083-960-9143
Or zinkwazi@everitt.co.za
Or visit www.chaseveritt.co.za

Author: Barry Davies

Submitted 17 Jun 14 / Views 711