This year has been largely a positive year for South Africa's housing market, with new government policies, a more stable economic environment and the latest interest rate cuts encouraging. With demand for real estate continuing to rise on the KZN South Coast, local developers shared their insights on trends to expect in 2025.
“After the elections in May, we are certainly seeing an uptrend in the property market as domestic and international buyers have grown more confident,” explains Reece Daniel, developer of Serenity Hills, an eco-friendly property on the KZN South Coast. . “With the South African Reserve Bank cutting interest rates by 25 basis points in November, bringing the prime lending rate to 11.25%, we believe demand will only continue to increase. A trend is emerging and we expect it to continue as 2025 begins.”
Trend #1: Land Demand
Daniel said there had been a significant increase in buyers choosing land sales over developed properties, adding: “The recent rate cuts and discussions about the possibility of further rate cuts have encouraged customers to choose our company as a great value for money option. “We have shown strong enthusiasm for this land parcel.” Because they are platformed and connected to all public facilities in the housing complex. ”
Trend #2: Buying land with cash
“Clients are also choosing to purchase land because it allows them to manage costs more effectively,” Daniel continued. “Securing land with cash and financing construction with a mortgage gives you more flexibility to design and build your dream home without facing the financial burden of large upfront investments. .”
Trend #3: Buy for the future
Another notable trend is interest from buyers age 40 and older. “Rather than buying a home now, buying land like this is more strategic, with buyers looking to build a home in the future or consider it as an investment opportunity.”
Trend #4: Increase in first-time buyers
Mr Daniel said that with the interest rate cut, South Africa's housing market was poised for a much-needed recovery and more first-time home buyers were likely to invest. Mortgage loan. For investors who have been waiting to enter the real estate market, now is the perfect time. ”
Trend #5: Self-sufficient real estate
Finally, Daniel points out that while the stability of the national power grid has ensured investor confidence, forward-looking buyers still need to consider the safety fundamentals of going off-grid, both in terms of electricity consumption and water usage. He said he was looking for real estate.
“The trend towards coastal towns like Margate will continue as people seek a holiday lifestyle,” says Daniel. “Demand for properties like Serenity Hills that meet this need while incorporating elements of self-sufficiency will continue to grow. This includes built-in energy efficiency, as well as water storage options and on-site reservoirs to supplement water supply to residents, an aspect that modern buyers are looking for.”
Investing in Serenity Hills
This environmentally focused home near Margate boasts modern amenities and state-of-the-art security in a coastal woodland setting. The Packshed, Sweetdale Night Market, and Sweet Gang & Friends Farm Stall also make up part of Serenity Hills, where residents have access to farm-fresh products, homemade baked goods, and handcrafted goods. Masu.
State-of-the-art security measures and a popular coastal location keep the development in demand and residents enjoy comprehensive facilities. This includes a clubhouse, extensive trails through 70 hectares of private land, and a variety of sports facilities.
If you are interested, we encourage you to contact us now to secure your spot. For more information or to book a tour of Serenity Hills, please visit www.serenityhills.co.za. For regular updates, follow @serenityhillsecostate on Facebook and Instagram. For more information about The Packshed or to book, please visit www.thepackshed.co.za.
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