The addition of several free-standing sectional title properties at Balize Private Estate in Umhlanga has been met with great enthusiasm from residents. The construction of these homes was in response to an increasing demand for sectional title property ownership in secure estates, a demand that was particularly prevalent amongst North Coast inhabitants.
A representative for the estate, Neil Slatter, explained, “we have taken the decision to enhance the offering at Balize Private Estate to be more in line with current market demands. Our trend analysis has shown us that a large portion of the South African real estate market is asking for the privacy and comfort of a free-standing home, but also the peace of mind that comes with being within a secure estate.”
Situated within the expansive Sibaya Coastal Precinct, Balize Private Estate is one of many developments that boast a substantial number of sectional title properties. Butch James, South African rugby player and sales director for Balize Private Estate, discusses the appeal of living in an estate like these, saying, “it offers something for families at different life stages – from young families with small children to retirees.”
Sibaya Coastal Precinct has, in general, steadily become a hugely popular area for property buyers and investors. Over the past year, property transactions within the area have collectively reached over R3 billion, and with the addition of in-demand sectional title properties, numbers are set to rise, and a variety of different housing options are now possible.
A representative from Balize Private Estate states, “with an enhanced offering… [the estate] brings a range of opportunities to the market from grand penthouses to lock-up-and-go Cabanas and free-standing homes.” The representative went on to state, “it is this demand which will push home values up; and with the ongoing development within Sibaya Coastal Precinct, homes are looking to appreciate in value even further over the next decade.”
Thanks to developments such Balize Private Estate, the property market in Umhlanga is booming. If you want to experience it for yourself, click here.