Investing in The Garden Province
Known as The Zulu Kingdom as well as The Garden Province, KwaZulu-Natal with all its residential properties, tourist attractions, local pull-factors and location drawcards continues to flourish like a well-maintained floral garden. The quality of life here for investors continues to heighten, like tall trees and shrubs found in the area, with every living standard creating the perfect place to call home. Like any beautiful garden, the province and number of residents don't just grow – through constant nurturing, the area and every single individual within it blossoms.
This article takes an in-depth look into how KwaZulu-Natal has been nurtured and
pruned to provide the ultimate residential address for the nature-loving, outdoor-craving South African homeowner, or international investor who seeks sun, surf and greenery.
Although being South Africa's third-smallest province, this region of about 94 361km2 boasts 21 percent of the country's population – about 10.27 million homeowners. KwaZulu- Natal's landscape is as diverse and varied as the people who call this province home. And home comes in the form of a lush region filled with well-watered valleys alongside the warm Indian Ocean.
Savannah grassland and protected game parks filled with expansive wildlife and flora species are found between the well-known dramatic Drakensberg Mountain Range and the humid subtropical coastline, which is also home to large areas of the indigenous forest such as Dukuduku and Kosi Bay. Every piece of the province's area pie is as valuable as the next, with vacant plots available at high prices and
once built up, resold with even higher price tags. Unlike wealthy or middle-class residential sectors in other provinces which may sometimes see a slow transition into lower class sectors or even slums - thus reducing property values - properties located in KwaZulu-Natal are set atop rich lands, coastal regions and high-value plots which truly add to the residences themselves.
Nurturing this varied landscape is the province's summer rainfall. And when it's not raining, homeowners and property investors can enjoy extremely hot weather during summer and the most perfect days outdoors. Areas located further
inland experience colder and dry winters, however these cooler temperatures never dull quality of life. KwaZulu-Natal's climate is diverse because the total area stretches all the way from Port Edward in the south to the Swaziland and Mozambique borders in the far north.
In this vast stretch of land lies the seat of the eThekwini Metropolitan Municipality – one of the fastest-growing urban areas in the whole world – a promising future home address for investors looking to create an abundance of wealth from business and work, in addition to that of their property investment. Also seated within this stretch of land is one of the busiest harbours in South Africa, Richards Bay – one of the 10 largest harbours in the world.
The capital of KwaZulu-Natal is Pietermaritzburg. While many homeowners and potential investors opt for this booming capital as their place of residence, others reside in other quieter coastal regions within the province such as Port Shepstone, Margate and Umhlanga – each one providing the perfect place to retire, revive or refresh.
If residing in coastal holiday regions is not the preferred choice, then interior, in-land regions can provide an alternative great place to put down roots and to find employment. Estcourt is known for meat processing services, Newcastle is known for coal mining and steel production and mixed agriculture is the top industry in Richmond and Ladysmith. While these regions offer more work than pleasure, KwaZulu-Natal's main city of Durban is the most popular choice for investors and
homeowners who are seeking a lifestyle of fun and flair.
Many wise investors all purchase property in Richards Bay – the main contributor to South Africa's aluminium industry. Richards Bay Coal Terminal in KwaZulu-Natal secures the country's position as the second-largest exporter of steam coal
in the entire world. This region is also home to the largest sand-mining and mineral-processing operation globally.
KwaZulu-Natal also creates huge employment opportunities for homeowners and property investors with the province boasting an ever-booming vehicle manufacturing industry and a rapidly growing automotive leather industry. Industries and subsequent jobs therein are continuing to undergo rapid industrialisation which is great news for potential homeowners seeking employment and a province to live in which will guarantee them and their families future financial stability.
Investors looking to invest in a home and then invest in their career at one of the top industries in the province can look for property opportunities in areas including Dundee, Hammarsdale, Richmond and Mandeni, as well as other areas mentioned previously. And if mainstream industries don't tick the employment box for potential homeowners, employment in the agriculture sector is always a viable option as well. Along KwaZulu-Natal's coastal belt lies sugarcane plantations, a mainstream of the province's agriculture sector, as well as subtropical fruit farms. In the hinterland, farmers and employees concentrate on dairy produce, stock and vegetables. Tea plantations and forestry is a major source of income and is focused in Vrygheid, Eshowe, Harding and Ngome.
Overall, KwaZulu-Natal contributes 16 per cent to South Africa's gross domestic product – putting it way ahead of other provinces. It is for this reason, among others, why potential homeowners and local and international property investors look to this province for property opportunities which are set to offer high returns.
Quality of life & cost of living
Other reasons why KwaZulu-Natal is home to the second-largest population in the country is because it boasts the best living conditions, a rich cultural diversity of people, wildlife and a high quality of life and fair cost of living. Residing in anyone
of the affluent neighbourhoods in KwaZulu- Natal will see any the homeowner living like a king or queen and enjoying a lifestyle of royalty. KwaZulu-Natal shapes up very well in terms of economy, living conditions and health. This province has a strong economy, and as such, it has high potential employment and better living standards as
KwaZulu-Natal shapes up very well in terms of economy, living conditions and health. This province has a strong economy, and as such, it has high potential employment and better living standards as potent pull factors draw in homeowners from far and wide.
When it comes to cost of living, those calling KwaZulu-Natal home, unfortunately, receive, on average, a salary which is 21 percent lower than the national medium level, however, this is balanced out with expenses and cost of living being considerably lower than other more urban provinces. Living costs in Durban are a whopping 21 percent lower than seen in Cape Town and an astonishing 27 percent lower than evident in Johannesburg.
This means that homeowners are able to enjoy life and still pay bills at the same time – and KwaZulu-Natal has plenty of things and activities on offer for the homeowner looking to enjoy life without spending an arm and a leg. Locals can eat out, watch movies, go to nature parks, kiddies' facilities and enjoy other recreational activities for next to nothing – with every leisure offering enjoyed subsequently increasing the quality of life for each and every homeowner.
With money being stretched further for residents, and property prices in KwaZulu-Natal being on the lower end of the scale while not comprising on spacious style and comfort – potential property investors no matter what their financial status can choose from a plethora of property opportunities to sink their purchasing teeth into. Property prices here range from low to high and everything in between, allowing for the accommodation of most investor's budgets.
Every property investment represents great value for money, with solidity and spaciousness of homes located in the city or outskirts boasting architectural styles and structural layouts which remain up to date with the times - and costly renovations to upgrade old-fashioned materials and elements never needed. The property market within KwaZulu-Natal is not only buoyant and flexible but also comprises safe purchase procedures, much the same as in other provinces, and a selection of upmarket, professional licensed real estate agents.
These agents provide a seamless purchase process and assist homeowners and tenants to find their forever home or the most optimal rental opportunity – and in this province, there are hundreds of fantastic rental possibilities. And if a person is not in the market to rent or buy a property, there are a multitude of holiday homes and resorts available in KwaZulu-Natal for the holiday-maker and international tourist.
RESIDENTS CAN ENJOY THE BEST QUALITY OF LIFE WITH THESE LOCAL
ATTRACTIONS IN KZN
- uShaka Marine World
- Suncoast Casino and Entertainment World
- North Beach
- Howick Falls
- Sani Pass
- Nelson Mandela Capture Site
- Tugela Falls
- Gateway Shopping Centre
- Port Natal Maritime Museum
- Moses Mabhida Stadium
- Natal Sharks Board
- Karkloof Canopy Tours
- Paradise Valley
- St Lucia Wetlands
- Umgeni River Bird Park
- Drakensberg Mountain Range and San Bushman rock art
- Two Unesco World Heritage sites including Isimangaliso Wetland Park
- Active conservation areas/activities including the Royal Natal National Park, Giant's Castle and Kamberg Nature Reserve