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KZN South Coast 'value for money'

02 Mar 2007
In recent times the KZN North Coast has seen an unprecedented run of development and investor value being gained whilst the South Coast has only seen pockets of development happening. It seems now that the spill-over from the North Coast has begun.

It has long been a haven for families to enjoy holidays and to spend time either playing the many top-rated golf courses or spotting whales, dolphins and the elusive sardines.

In recent times the North Coast has seen an unprecedented run of development and investor value being gained whilst the South Coast has only seen pockets of development happening.

Pat Symcox of PSPMAXPROP, believes that the spill-over from the North Coast has begun and their group of agencies are seeing over-budget sales.

"Almost every day we get requests from developers looking for land that is either ready for instant development or that can be converted in a relatively short time into some form of estate. Certain areas seem to be on the "A" list. The Scottburgh to Pennington area is a ripe strip due to its proximity to Durban and the well-developed infrastructure close by. The excitement of the Hibberdene Harbour continues as many investors wait to see whether it finally gets the stamp of approval and this could change the area between Hibberdene Umzumbe".

"The Uvongo/Margate and Shelly Beach area has seen a tremendous amount of development over the last five years and buyers are now very aware of year-end traffic jams, over-crowded beaches and infrastructure overloads".

The PSPMAXPROP group have now secured their sixth agency site in St Mikes and are able to assess the entire coast from Umkomaas to Port Edward through having agents operating in the major areas.

"We think that it's a great advantage to developers and investors to be able to get a clear picture from a group that covers a wide investment spectrum from a one-stop base."

The biggest drawback to the South Coast will be the pace at which each municipal area is able to provide infrastructure and gear their areas in such a way that they form part of the supply chain, says Symcox.

"So often projects become unviable due to either the investor not having confidence that he can deliver at a price that is market related due to timeframes or that quality providers of services to the industry are just too busy to get things moving quickly" said Symcox.

For more information contact 0828880707 or send an email.

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