In2assets Blog: Residential property trends

A LUXURY apartment on the ninth floor of the spectacular Pearls of Umhlanga residential resort is among the properties on offer from In2Assets on September 18 at 11am at the Durban Country Club.

Despite increasing interest rates, electricity and water constrains and a high level of crime, the demand for affordable residential property is still strong, says Rainer Stenzhorn of In2assets, the well-known property company in Durban.

Hillcrest was formerly a sleepy village, governed by its own Town Board on the outskirts of Durban.

The average cost of new housing built increased by 6.9% year-on-year (y/y) to an average of R6 517 per square meter in the first nine months of the year compared with R6 094 per square meter in the corresponding period last year.

Often when I write about properties I tend to focus my enthusiasm on properties that are of grandiose status. There may be that big bulky warehouse next to the harbour or that never-ending shopping mall bustling with consumers and choirs of ringing till points. The motivation is mostly the value of these properties and a chase for financial result. Today I am dedicating my efforts on a property with a deeply personal sense.