“The property market is buoyant and remains a popular area for investors and buyers. Being Situated south of Durban
on the coast it has easy access to freeways and other areas in the vicinity. Because of its sense of community, churches, schools and a choice of recreational activities, the Bluff
has become a sought-after place to live. Statistics reveal that for the period January to December 2014, there were 488 transfers compared to the previous year of 378. The year-on-year growth was 29.1%,” says Jawitz Properties’ Bluff agent, Susan Seath.
Properties with Ocean outlooks are popular with overseas buyers who like to escape their harsh winters as well as local business people and affluent buyers from up-country who invest in holiday or retirement homes. A shortage of stock means that when homes come onto the market, they are snapped up almost immediately. Stand alone or freehold properties make up the bulk of sales but there are a few complexes and apartment blocks,” she says.
Provided a property is market-related, a home sells, on average, within two days to a month. High-end and overpriced homes take much longer, sometimes between four to six months before a deal is struck. Surprisingly many buyers are willing to pay higher prices just to be able to live in this sought-after suburb.
Good value is found in Bluff Central
with average prices of homes are R1 000 000 to R2 500 000 whereas a basic three bedroom home situated near the harbour or the industrial areas would cost from R600 000 upwards. A more exclusive property with sea views, four or more bedrooms, spacious living, receptions and entertainment areas, plus cottages could vary between R3m and R12m.