Investing In Property

Although Margate and nearby Uvongo in KwaZulu-Natal continue to witness an influx of permanent residents settling in the area, the second home market remains quite subdued. Located on the renowned hibiscus coast section, of the south coast, the esteemed holiday destination of Margate has experienced a decline in both propety prices and sales volume. Converly property prices in Uvongo show a modest upward trend, albeit marginal. Currently the average price for a sectional title unit hovers around the R800, 000 mark while freehold property averages at 1 Million.

According to Cheryl Mc Innes from Cam properties there has been a a secnificant decrease in sales volume in certain neighborhoods. However she also notes a positive trend with an increase in sales to individuals seeking permanent relocation in the area.

With arguably the most favorable winter climate in the country, the Hibiscus Coast attracts visitors all year round while resindece perceive a rise in criminal activity, the overall crime rate along the entire coastal stretch remains relatively low compared to larger urban areas.

In contrast to more upscale regions of the South African coastline, the South Coast offers excellent value for money. Cheryl reveals that the average price for a beachfront apparment currently stands at 1 million, with beachfront freehold properties in short supply. Homes boasting a scenic sea view are fetching prices between 1. Million and 1.2 Million.

The area has become a favorite destination for retires, with many recent property sales involving individuals looking to retire to the coast in the near future. The coast provides an ideal setting for those seeking a more relaxed lifestyle in thier Golden years, with numerous country clubs and golf courses for those desiring to stay active.

Over the past decade, significant development has taken place in this region; however, the small towns and villages dotting the 125km hibiscus coast has managed to retain there allure. Prestene beaches abound, and while certain areas may become crouded during peak holiday periods, the overall atmosphere remains tranquil, making it a serien place to to recide, work and unwind.

Shelly Beach is widely regarded as the commercial epicenter of the area, although Margate boasts a sizeable shopping center and a well-equipped private hospital. Additionally the town is home is home to an airport that facilitates regular commercial flights to Johannesburg.

Famous for the sardine run, dubbed the "greatest shoal on earth", anglers from across the country flock to the region during the months of June and July in hopes of reaping the benefits of this annual phenomenon. Winter also offers prime whale-watching opportunities with in several towns and villages featuring whale-watching platforms that provide excellent views of these majestic marine creatures. Licensed operators offer boat tours for those seeking a closer encounter with these magnificent beings.