Homes on KwaZulu-Natal’s sought-after North Coast are selling quicker than ever and seaside residential demand has skyrocketed during the pandemic. Enquiries for homes in smaller towns along the coastal strip from Umhlanga to Umdloti have shot up, especially with the rise of remote working, record-low interest rates and attractive new residential offerings.
The impressive uptake of sales within Salta Sibaya demonstrates that the developer, Devmco Group, has met the demand for next-level coastal homes. At its launch, Salta Sibaya achieved over R1 billion in sales over the launch weekend, smashing the initial target of only R400 million. Today the development has achieved R1.75 billion in sales across its three distinctive products – Salta Estate, Capri Village and Mt Cotton. The development is officially 95% sold out!
Speed to market
By reaching these results at an accelerated rate, Devmco Group was able to break ground much sooner than anticipated and release further purchasing opportunities. This, in turn, boosted buyer confidence and has further entrenched the Sibaya Coastal Precinct as a catalytic node where desirable homes can be found.
Investment potential
The North Coast property market is one of the best performing in the country, not only attracting buyers from within the province but also from inland. Some 90% of homeowners who have settled in the smaller towns of KZN come from cities within the province itself or Gauteng, while the semigration of homeowners from locations across the country to KZN is as high as 15%. Many view these properties as the ideal lifestyle investment given the region’s appealing capital appreciation of 7.4%, compared to growth in non-coastal regions at only 5%.
Coastal lifestyle and facilities
The North Coast is known for its warm beaches, laidback culture and tourist attractions, as well as family entertainment, shopping and sprawling luxury residential estates. The mild subtropical climate with pleasant winters and hot summers means residents can enjoy seaside pursuits and outdoor hobbies all-year-round.
Salta Sibaya as a holistic estate itself provides vast facilities, including an onsite shopping centre, Pump Track and business hub that is open to public use, while private residents will have access to sports fields, clubhouses, nature trails, secure landscaped park areas and gym, as well as a swimming pool and kids’ play areas.
Mix of residential opportunities
Another reason for Salta Sibaya’s success so far is no doubt linked to its understanding of what the market really wants and its flexibility to tailor purchasing opportunities to suit.
Current residential opportunities within the estate include Salta Estate, Mt Cotton and Capri Village. Salta Estate presents a choice of spacious, pet-friendly freestanding 2, 3 and 4-bedroom coastal plot and plan homes. Mt Cotton offers a selection of stands suitable for single and double storey home configurations, while Capri Village is specifically designed for the active over 50s community, offering a range of 1, 2 and 3-bedroom homes.
Showcasing a dynamic coastal environment, Salta Sibaya will set the precedent for how South Africans live on the North Coast.
