If you thought the North Coast couldn’t grow and develop in terms of property any more than it already has, think again. Ballito and surrounding areas are still rapidly evolving, both for permanent residents and those looking for investment opportunities.
One of the biggest catalysts for the immeasurable growth in the area has been, without a doubt, the opening of King Shaka International Airport in 2010, says Seeff North Coast principal Tim Johnson. His estimations are that passenger arrivals are expected to hit the million mark by 2025.
“Ballito’s permanent population has grown from 12 000 to 30 000 residents in just over ten years and, even though over R2.7 billion in residential sales per annum has been achieved over the past few years, an additional R3 billion has also occurred within the new estates between Umhlanga and Ballito in the past 18 months”.
And things are just going to get bigger. Referring specifically to the purchase of one of the largest privately-owned stretches of coastal property in South Africa by the Collins Group and the Royal Shaka Property Group, Tim says there is still massive development to come.
“That particular area – covering some 5 000 hectares between Sheffield Beach and Blythedale – has been earmarked for massive residential, resort and commercial property developments to the tune of approximately R76 billion”.
Phase one of the zone (which will be developed over the next 25 years), Zululami Luxury Coastal Estate, is already underway. There is a second 411ha development, named Seaton (modelled on an equestrian theme) which will also be launched soon.
“Seaton will feature about 3 776 homes, an equine district, a lifestyle village and a private school and college node. Part of the plan includes an Olympic-size indoor show-jumping arena, polo fields and a horse training venue”.
“Other strategic opportunities will include beach resorts, retail developments, theme parks and commercial and mixed-use property developments. Adding to this is the recent exciting announcement that Club Med is to debut on the North Coast with their first hotel ever to open in South Africa – construction is starting next year,” he says.