Invest in buzzing Ballito
As a result of the aquatic mammals being a common sight on the North Coast shoreline, the thriving town of Ballito is often referred to as The Dolphin Coast. Located about 40 kilometres north of Durban, the area forms part of the KwaDukuza Local Municipality and iLembe District Municipality. Established in 1954 as an exclusive holiday resort, Ballito is currently one of South Africa's most popular investment destinations. Since its inception, lucrative investments have paved the path to the development of several estates in the resort town making it a highly desired suburb for year-round living.
Considered a top holiday destination, Ballito offers a wide range of hotels and self-catering accommodation, tourist hotspots, shopping malls, as well as swimming and surfing beaches. Notably, the Ballito Pro (Gunston 500), a world-renowned surfing contest brings in many sporting tourists to Ballito every July.
Keith Brown, Principal at Jawitz Ballito, shares more about investing in the Dolphin Coast:
How has the demand for investment property changed over the past 5 years?
Ballito is one of the fastest growing towns in South Africa and since the airport moved to the North Coast in 2010 there has been a surge in residential developments. Many investment opportunities with increased rental values have offered greater returns.
How would you describe Ballito to a potential foreign investor?
Ballito is a beautiful growing coastal town offering everything for both permanent living as well as holidays. Our tropical climate allows for all year round good weather attracting many people wanting to escape their cold winters elsewhere.
According to your feedback and recent trends, do investors prefer buying property near the beach or in other places in Ballito?
Investment returns are greater near the beach and certainly with sea views and easy access, however, we do find investors buying in all spots in Ballito and not just near the beaches. Off-plan properties in smaller estates that offer good security are very popular with investors as well.
According to the markets, are people investing in Ballito for retirement, holiday homes, a first home or others?
People are flocking to Ballito for many reasons. Ballito is still essentially considered as a 'second home' market for holiday apartments, however, with the growth of industry on the North Coast, it is changing fast to be a more permanent residential destination. We also have several retirement opportunities which are in great demand.
According to a recent FNB report, younger buyers are choosing to invest in Ballito. 12% of those aged between 26-30 years have made purchases, while only 1% have sold their Ballito properties. The age groups of 61-65 have tackled the purchasing market, while the biggest sellers are aged over 65 years. The report also states that 59% of the properties in Ballito are sectional title while 41% are full title.
This Ballito property would make a great investment:
9 Bedroom House For Sale in Ballito
This magnificent home is situated in a prestigious location in Ballito. This luxurious mansion offers breathtaking sea views and tons of space. It is built on a double stand and has large indoor and outdoor entertainment areas, a heated pool, landscaped gardens with computerized irrigation, an undercover braai area, as well as three reception rooms. This 9-bedroom home is one of the top most desired homes in the town of Ballito.
Ballito is a buzzing town which appeals to both locals and tourists. If you are keen on investing in this area, contact Jawitz Properties today. Our team of skilled and experienced agents are ready to help you secure the best investment opportunity.
Author: Jawitz Website