PROPERTY & LIFESTYLE MAGAZINE
ADORE BY PAM GOLDING PROPERTIES | KZN SOUTH COAST | DEC 2023
A
FOREWORD s we near the conclusion of yet another year, I, Mohammed Amra, your dedicated franchisee representing Pam Golding Properties in Durban, would like to seize this moment to convey my heartfelt appreciation
for the remarkable support you've extended to us throughout the year 2023. Your trust and confidence in Pam Golding Properties has been the driving force behind our success this year. We have witnessed remarkable achievements together, from guiding you through the exciting process of buying your dream home to navigating the complexities of the property market with expertise and care. Whether you were a first-time buyer, seasoned investor, or someone simply seeking guidance and advice, each interaction has been a privilege and a source of immense satisfaction. Your positive feedback and success stories are the true markers of our commitment to exceeding your expectations. As we look towards 2024, we are filled with optimism and excitement for what lies ahead. We are committed to continuing our unwavering dedication to providing you with the highest level of service, expert market knowledge, and a personalized approach that ensures your property needs are not only met but exceeded. We are confident that with your continued support, we will achieve even greater heights in the coming year. We are here for you every step of the way, ready to help you navigate the ever-evolving property landscape and achieve your real estate goals.
Mohammed Amra Franchisee & Principal Pam Golding Properties Mtwalume-Margate
From the bottom of my heart, thank you for being a part of the Pam Golding Properties family. We wish you and your loved ones a joyful holiday season and a prosperous and fulfilling 2024
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Welcome the Festive Season
stnetnoC
Top 5 Christmas decor trends for 2023
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Remarkable Human Properties There are many remarkable human properties. But it’s the human ones we value most.
10. Debra’s Holiday Season Tips ooba Home Loans expert
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Property Collection
View our specially curated selection of available properties in our areat
58. Positive Outlook for Property Market for 2024 Market Overview & Outlook by Dr Andrew Golding, chief executive of the Pam Golding Property group
Welcoming the Festive Season TOP 5 CHRISTMAS DECOR TRENDS FOR 2023
CHRISTMAS DECOR TRENDS Christmas heralds a season of joy and festivity, transforming our homes into vibrant havens. It's a time characterized by warmth, love, and generosity, making it the perfect occasion to adorn your home with stylish decorations. For a head start on decking the halls in preparation for Christmas 2023, we're delving into the top 5 decor trends as highlighted by experts at House Beautiful. While the classic red and green theme remains eternally cherished, 2023 invites us to explore new frontiers in holiday decor. From the allure of glass ornaments to the sophistication of metallic accents and the embrace of warm color palettes, this year's Christmas trends promise to imbue your home with a touch of elegance, charm, and modernity.
Glass Ornaments: Effortless Elegance A notable trend that designers are incorporating this year revolves around the inclusion of glass in Christmas decor. The inherent elegance of glass offers a striking counterpoint to the more intricate holiday embellishments. Delicate shapes and translucent colors characterize glass ornaments, featuring handmade textures that introduce a touch of enchantment to any space. Whether suspended from your Christmas tree or artfully arranged in bowls as centerpieces, these glass ornaments are sure to captivate your guests and cultivate a serene holiday ambiance.
Metallics, Brass, and Chrome Accents: A Touch of Glam
Brass and chrome decor are enduring trends that extend beyond the holiday season. You can seamlessly shift from a festive look to a year-round style by exchanging seasonal foliage. For instance, a brass vase embellished with holly can easily morph into a stylish container for spring cherry blossoms. These metallic accents bring a touch of glitz and glamour to your home, guaranteeing that your space radiates sophistication.
CHRISTMAS DECOR TRENDS
Warm Colours: Adding a Cosy Glow
Move beyond conventional color palettes and welcome the warmth of hues like blush. According to Amanda Macuga, incorporating blush alongside traditional gold, silver, and jewel tones imparts a revitalizing and snug radiance to your holiday decorations.
Minimalism: Embracing Simplicity
If you appreciate minimalism, 2023 introduces a contemporary Christmas decor trend crafted to suit your preferences. Design specialists at House Beautiful anticipate a move towards subtle decor, departing from vibrant "green and red" pairings. Anticipate the prominence of muted greenery and subdued neutrals instead. This minimalist strategy creates a clean and refined holiday aesthetic that harmonizes with your current home decor.
Jewel-Tone Glassware: Rich and Luxurious
Lush jewel tones like burgundy, teal, and emerald dominate the spotlight in this season's Christmas decor. Utilizing metallic accents and glassware provides ideal means to integrate these luxurious colors into your holiday arrangement. Glassware, in particular, stands out as a versatile and enduring investment, adding a touch of elegance to your holiday toasts, enhancing both their appearance and ambiance.
There are many remarkable human properties. But it’s the human ones we value most. At Pam Golding, we understand that the most valuable properties are those that can’t be bought or sold. Pam Golding Properties has a legacy dating back to 1976, making us a trusted leader in the luxury property market. We are dedicated to providing exceptional service to discerning buyers and sellers. Our commitment to excellence drives us to maintain our position as industry leaders through strategic marketing and brand awareness campaigns. As a purpose-led organization, we prioritize cherishing the human spirit. This inspires us as individuals and as a collective group, guiding us to lead in an authentic and positive way.
"The quality of our people is our real competitive advantage. And for us, the greatest reward of a 47-year legacy is seeing the spirit of Pam live on in each and every Pam Golding person." ‐ Dr Andrew Golding, Chief Executive
REMARKABLE HUMAN PROPERTIES Our "Live Remarkable" campaign, launched in 2021, focuses on humancentric storytelling and embodies our enduring purpose. It celebrates the unique potential within each individual and encourages an authentic, courageous, optimistic, and conscious approach to life. Guided by our core values of honesty, integrity, empathy, humanity, and trust, we are dedicated to providing specialized service and unwavering support to our clients throughout their property journey. In 2023, we expanded this initiative with the "I am..." campaign. This campaign allows our clients to gain a deeper insight into our agents through authentic and inspiring statements of intention and affirmations. Our latest brand campaign centres around the concept of Remarkable Human Properties. This evolution of our Live Remarkable campaign showcases our remarkable people, whose human attributes, values, and passions define our organization. Since our inception in 1976, the quality and importance of our people have been fundamental to our success and is indeed what makes us, us. We invite you to watch our new brand campaign:
Learn more https://bit.ly/41m1XLv
Debra’s Holiday Season Tips OUR AWESOME OOBA HOME LOAN EXPERT SHARES HER HOLIDAY SEASON FAVOURITES
DEBRA’S HOLIDAY SEASON TIPS 1. Choose Smart Plants: Opt for heattolerant plants like sunflowers, marigolds, zinnias, and petunias for both endurance and vibrant hues. 2. Water Well: Ensure consistent watering in cooler parts of the day to prevent water loss from heat. 3. Create Shade: Counter excessive sun with umbrellas, shades, or trees for balanced sunlight exposure. 4. Use Fertilizers Wisely: Boost growth with proper fertilizers, matching your plants and following instructions. 5. Natural Pest Control: Combat pests with neem oil or garlic spray to safeguard your plants from summer's nuisances. 1. Gather your ingredients: You will need cocoa powder, sugar, milk, and any additional flavors or toppings you desire (such as vanilla extract or whipped cream). 2. Mix the dry ingredients: In a small bowl, whisk together cocoa powder and sugar until they are well combined. 3. Heat the milk. 4. Add the dry ingredients: Gradually whisk the cocoa powder and sugar mixture into the hot milk, stirring constantly to prevent lumps from forming. 5. Add any additional flavors: If desired, add vanilla extract or any other flavorings to the hot chocolate. Serve and enjoy!
Contact Debra Ann @ ooba South Coast KZN for Homeloan Assistance on 084 599 1218 or email debraann.harrison@ooba.co.za
Property Collection VIEW OUR SPECIALLY CURATED SELECTION OF AVAILABLE PROPERTIES ALONG OUR KZN SOUTH COAST
RECENTLY SOLD
SOLD
Mtwalume
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Ewald Pretorius +27 78 936 4064
SOLD
Manaba
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Ewald Pretorius +27 78 936 4064
KZN SOUTH COAST SALES
Hibberdene | R5.5 million COMMERCIAL BUSINESS FOR SALE IN HIBBERDENE
This is a superb investment opportunity! A well-established seaside B&B, in a spectacular location. The property has the best sea views and beautifully maintained garden. With generator, borehole and water tanks! All 2 properties come to 3216m2 and buildings approximately 1060m2.
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Khwezi Nzimande +27 78 375 8373 khwezi.nzimande@pamgolding.co.za
RECENTLY SOLD
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Hibberdene
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Khwezi Nzimande +27 78 375 8373
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Oslo Beach
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Khwezi Nzimande +27 78 375 8373
KZN SOUTH COAST SALES
SOLD
Voetplaatpark, Sunwich Port SPECTACULAR BEACHFRONT RESORT Indulge in the ultimate coastal lifestyle with this extraordinary beachfront resort. Situated in the picturesque Sunwich Port, this resort boasts a collection of 12 charming chalets, 12 spacious duplex units, a caravan park comprising of 50 camping sites and a range of outstanding amenities that guarantee an unforgettable guest experience.
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Ewald Pretorius +27 78 936 4064 ewald.pretorius@pamgolding.co.za
KZN SOUTH COAST SALES
Anerley | R3.95 million 2 ALLURING HOMES ON A GENEROUS 4158 SQM PLOT Set on a generous plot and boasting magnificent sea views this property would make an excellent buy for avid investors and large families. With 2 large houses, a 2 bedroom flatlet and expansion opportunities, the possibilities are endless. The close proximity to the beach would lend positively to holiday letting opportunities or a lovely holiday home.
9 BEDROOMS | 5 BATHROOM | 2 GARAGES VIEW PROPERTY
Fathima Raja +27 81 485 4722 fathima.raja@pamgolding.co.za
KZN SOUTH COAST SALES
Southport | R998 000 SUBURBAN BLISS Discover your oasis in this exquisite 3-bedroom pet friendly townhouse, perfectly situated in the lush, leafy suburb of Southport. Immerse yourself in the peaceful and serene surroundings of this tranquil haven, where nature and modern living coexist harmoniously.
3 BEDROOMS | 2 BATHROOM | 2 GARAGES VIEW PROPERTY
Fathima Raja +27 81 485 4722 fathima.raja@pamgolding.co.za
KZN SOUTH COAST SALES
Umtentweni | R22 million 33.2 HECTARE NUT FARM FOR SALE This stunning macadamia nut farm presents a unique opportunity for both business and residential purposes. Nestled in a serene countryside setting, this property boasts approximately 500 existing macadamia nut trees of mixed varieties, that are about 18 years old. 2000 of the Macadamia plants are four years old.
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Mohammed Valodia +27 78 674 9358 mohammed.valodia@pamgolding.co.za
KZN SOUTH COAST SALES
Umtentweni | R1.295 million FAMILY HOME IN TRANQUIL SETTING This fantastic opportunity presents a 3-bedroom home, all beautifully tiled, featuring built-in cupboards and ceiling fans. There are 2 bathrooms, with the main bedroom boasting an ensuite bathroom. Each room offers delightful views of the meticulously maintained garden.
3 BEDROOMS | 2 BATHROOMS | 2 GARAGES
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Farren Govender +27 82 498 9749 farren.govender@pamgolding.co.za
KZN SOUTH COAST SALES
Umtentweni from R1.2 million BRAND NEW DEVELOPMENT: SUN SEA ASH GARDENS
Discover the perfect blend of modern living and eco-friendly luxury in our exclusive residential community. With a limited availability of only 20 units, now is your chance to secure your ideal home. Choose from our 2-bedroom or 3-bedroom options, and experience a life of comfort and serenity.
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Khwezi Nzimande +27 78 375 8373 khwezi.nzimande@pamgolding.co.za
KZN SOUTH COAST SALES
Umtentweni | R1.81 million BEAUTIFUL FAMILY HOME IN PEACEFUL NEIGHBOURHOOD This stunning home is comfortable and pleasant and is a great investment opportunity with great sea views and a large immaculate garden. The house has 4 bedrooms with 3 rooms having built in cupboards and ceiling fans. The main bedroom has an ensuite bathroom which is tastefully decorated with unique swinging doors.
4 BEDROOMS | 2 BATHROOMS | 2 GARAGES | FLATLET
VIEW PROPERTY
Farren Govender +27 82 498 9749 farren.govender@pamgolding.co.za
KZN SOUTH COAST SALES
Port Shepstone | R6 million MODERN HOME ON THE COAST Introducing a stunning coastal luxury home, nestled on the edge of the sparkling ocean waters, with views that will take your breath away. This remarkable property boasts a perfect blend of style, comfort, and sophistication, offering an unparalleled lifestyle of luxury and tranquility. 4 BEDROOMS | 5 BATHROOMS | 2 GARAGES
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Mohammed Valodia +27 78 674 9358 mohammed.valodia@pamgolding.co.za
KZN SOUTH COAST SALES
Port Shepstone | R15 million 1012 M² COMMERCIAL BUILDING FOR SALE Are you searching for a prime commercial property that is strategically located and surrounded by a bustling community? Look no further! We are thrilled to present you with an exceptional opportunity to invest in commercial property in the vibrant hub of Port Shepstone.
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Mohammed Valodia +27 78 674 9358 mohammed.valodia@pamgolding.co.za
KZN SOUTH COAST SALES
Albersville | R6 million TRULY REMARKABLE PROPERTY LOCATED IN SERENE AREA Situated within this expansive property is not only an immaculate main house but also an additional income-generating 3-bedroom double-storey house. Surrounded by breathtaking natural beauty, the estate offers unparalleled privacy and a unique blend of luxury living and investment potential. 4 BEDROOMS | 3 BATHROOMS | 2 GARAGES | 2ND DWELLING
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Mohammed Valodia +27 78 674 9358 mohammed.valodia@pamgolding.co.za
RECENTLY SOLD
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Marburg
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Mohammed Valodia
+27 78 674 9358
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Shelly Beach
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Mohammed Valodia
+27 78 674 9358
KZN SOUTH COAST SALES
Oslo Beach | R3 million DISCOVER YOUR DREAM HOME Step into your dream home with captivating double-storey residence accompanied by breathtaking sea views. Elevate your lifestyle with spacious interiors, modern amenities, and the tranquility of coastal living. Seize the opportunity to experience luxury by the sea.
4 BEDROOMS | 4 BATHROOMS | 2 GARAGES VIEW PROPERTY
Fathima Raja +27 81 485 4722 fathima.raja@pamgolding.co.za
KZN SOUTH COAST SALES
Oslo Beach | R2.5 million EXQUISITELY DESIGNED This well loved home is nestled in the sought after area of Oslo Beach. With beautifully manicured gardens and luscious lawns this is the perfect setting for families. The gorgeous 4 bedroom house has been thoughtfully designed and is aesthetically pleasing with its unique features.
4 BEDROOMS | 2.5 BATHROOM | 1 GARAGE VIEW PROPERTY
Fathima Raja +27 81 485 4722 fathima.raja@pamgolding.co.za
KZN SOUTH COAST SALES
Oslo Beach R1.25 million
4 BEDROOMS | 2 BATHROOMS 1 GARAGE This charming 4-bedroom suburban home is strategically located near excellent schools, ensuring your children's education is just a short stroll away.
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Fathima Raja +27 81 485 4722
St Michaels on Sea R1.2 million
3 BEDROOMS | 2 BATHROOMS 1 GARAGE Step into elegance with expansive open spaces adorned with contemporary parquet floors, setting the stage for a stunning threebedroom, two-bathroom unit in the heart of St Michaels on Sea.
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Khwezi Nzimande +27 78 375 8373
KZN SOUTH COAST SALES
Shelly Beach | R6.85 million LUXURIOUS COASTAL RESIDENCE IN A PRESTIGIOUS SECURITY ESTATE Welcome to an upmarket home nestled in the lap of luxury within an exclusive security estate, right on the breathtaking beachfront. As you enter the home, you are greeted by a spacious and inviting hobby room, complete with a stylish bar area. Perfect for indulging in your passions or entertaining guests, this space sets the tone for the ultimate leisurely retreat.
5 BEDROOMS | 4 BATHROOMS | 3 GARAGES VIEW PROPERTY
Mohammed Valodia +27 78 674 9358 mohammed.valodia@pamgolding.co.za
KZN SOUTH COAST SALES
Shelly Beach | R3.5 million SEASIDE ELEGANCE - UPMARKET TOWNHOUSE IN EXCLUSIVE ESTATE Indulge in coastal luxury at this exquisite double-storey townhouse in the prestigious Le Shac estate, nestled in the heart of Shelly Beach. This residence boasts a seamless blend of sophistication and comfort, offering the perfect canvas for your coastal lifestyle. The lower level welcomes you with an inviting open-plan design, seamlessly connecting the kitchen, lounge, and a guest bedroom.
4 BEDROOMS | 3 BATHROOMS | 2 GARAGES VIEW PROPERTY
Ewald Pretorius +27 78 936 4064 ewald.pretorius@pamgolding.co.za
KZN SOUTH COAST SALES
Shelly Beach | R10.5 million LUXURIOUS FRENCH-STYLE VILLA OVERLOOKING THE INDIAN OCEAN Nestled in the serene coastal town of Shelly Beach, this magnificent French-style villa offers an unparalleled living experience that combines timeless elegance with breathtaking ocean views. Prepare to be captivated by the exquisite beauty that awaits you.
4 BEDROOMS | 2.5 BATHROOMS | 2 GARAGES VIEW PROPERTY
Ewald Pretorius +27 78 936 4064 ewald.pretorius@pamgolding.co.za
KZN SOUTH COAST SALES
Shelly Beach | R5.77 million INCOME GENERATING PROPERTY IN A CENTRAL LOCATION Welcome to this exceptional income-generating property! This magnificent property offers seven guest bedrooms, each equipped with its own en-suite bathroom, ensuring utmost comfort and privacy for all your guests. As you enter, you'll be greeted by a spacious reception area which can easily be transformed into a charming café or restaurant.
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Mohammed Valodia +27 78 674 9358 mohammed.valodia@pamgolding.co.za
KZN SOUTH COAST SALES
Shelly Beach | R1.87 million WELCOME TO YOUR DREAM HOME! This stunning 3-bedroom, double storey townhouse offers the perfect blend of luxury and comfort. The double garage provides ample space for your vehicles. Step inside and be captivated by the huge open plan lounge and dining room, complete with air-conditioning for year-round comfort. This space seamlessly leads to a long balcony, perfect for relaxing and soaking in the views.
3 BEDROOMS | 2.5 BATHROOMS | 2 GARAGES VIEW PROPERTY
Khwezi Nzimande +27 78 375 8373 khwezi.nzimande@pamgolding.co.za
KZN SOUTH COAST SALES
Shelly Beach R1.3 million
2 BEDROOMS | 2 BATHROOMS 1 PARKING Discover the ultimate lock-up-andgo lifestyle with this stunning ground floor unit now available for sale in a secure complex. Situated just moments away from the beach, this property offers convenience, comfort, and a touch of luxury.
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Mohammed Valodia +27 78 674 9358
Shelly Beach R3.8 million
4 BEDROOMS | 4 BATHROOMS 2 GARAGES | 3 PARKING Welcome to our secure eco-estate retreat! This stunning and spacious modern home offers an abundance of reception rooms and a range of delightful features. The estate is close to the beach, schools, shopping centres, and amenities.
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Mohammed Valodia +27 78 674 9358
RECENTLY SOLD
SOLD
Shelly Beach
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Mohammed Valodia
+27 78 674 9358
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St Michaels on Sea GET EVALUATION
Mohammed Valodia
+27 78 674 9358
RECENTLY SOLD
SOLD
St Michaels on Sea
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Khwezi Nzimande +27 78 375 8373
SOLD
Shelly Beach
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Khwezi Nzimande +27 78 375 8373
RECENTLY SOLD
SOLD
Shelly Beach
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Khwezi Nzimande +27 78 375 8373
SOLD
Margate
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Khwezi Nzimande +27 78 375 8373
KZN SOUTH COAST SALES
St Michaels on Sea | R1.78 million STUNNINGLY BEAUTIFUL PROPERTY & A GREAT INVESTMENT Not often do you find a property that is neat as a pin, aesthetically pleasing in every way and also an income generator offering an EXCELLENT return on investment. If this is what you have been searching for, look no further...
3 BEDROOMS | 3 BATHROOMS | 1 GARAGE COTTAGE | GUEST SUITE
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Ewald Pretorius +27 78 936 4064 ewald.pretorius@pamgolding.co.za
KZN SOUTH COAST SALES
St Michaels on Sea | R1.65 million ST MICHAEL'S MANOR - SECURE GATED LIVING PAR EXCELLENCE St Michael's Manor is a trio of gated estates, located in the sough after and upmarket lower South Coast neighborhood of St Michael's on Sea. This executive first floor apartment is located within Amberley, which not only offer its residence state of the art security, but also breathtaking nature views, two swimming pools, tennis courts, a clubhouse and a well equipped gym, to name but a few.
4 BEDROOMS | 2 BATHROOMS | 2 GARAGES VIEW PROPERTY
Ewald Pretorius +27 78 936 4064 ewald.pretorius@pamgolding.co.za
KZN SOUTH COAST SALES
St Michaels on Sea | R5.38 million ONE IN A MILLION DREAM HOME Experience the epitome of coastal luxury in this stunning Breaker Side home nestled in the picturesque St. Michaels on Sea. This remarkable property redefines beachfront living, offering a perfect blend of elegance, comfort, and awe-inspiring ocean vistas.
6 BEDROOMS | 4 BATHROOMS | 6 GARAGES VIEW PROPERTY
Neil Devonshire +27 64 901 3330 neil.devonshire@pamgolding.co.za
KZN SOUTH COAST SALES
St Michaels on Sea | R1.3 million REFURBISHED AND SECURE APARTMENT If your primary concern is security, then this apartment is the perfect choice for you. Situated in a secure complex right next to the beach, it offers the peace of mind you desire.
3 BEDROOMS | 2 BATHROOMS | 1 PARKING VIEW PROPERTY
Nomini Mbasane +27 82 902 0968 nomini.mbasane@pamgolding.co.za
KZN SOUTH COAST SALES
Uvongo | R3.75 million SMALL HOLDING WITH SUPERB LOCATION AND BUSINESS OPPORTUNITIES A small Holding 2.2km's to Uvongo CBD boasts a beautiful farm house, consisting of 2 bedrooms, 1 complete bathroom, incredibly spacious open plan living room, dining room, sitting room, kitchen with a scullery, pantry and 2 separate bachelor apartments.
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Mohammed Valodia +27 78 674 9358 mohammed.valodia@pamgolding.co.za
KZN SOUTH COAST SALES
Uvongo | R2.25 million CHARMING TOWNHOUSE Step into the welcoming embrace of this impeccably maintained 3-bedroom, 2bathroom townhouse, cocooned within a secure complex. This inviting property boasts an array of appealing features.
3 BEDROOMS | 2 BATHROOMS | 2 GARAGES VIEW PROPERTY
Janine Herring +27 65 555 4744 janine.herring@pamgolding.co.za
KZN SOUTH COAST SALES
Uvongo | R2.08 million FULLY FURNISHED PENTHOUSE FOR SALE This beachfront penthouse offers an elevated coastal lifestyle, providing captivating ocean vistas from its prime location just above the shoreline. The penthouse comprises three bedrooms, with the primary bedroom enjoying this an en suit bathroom.
3 BEDROOMS | 2 BATHROOMS | 1 GARAGE VIEW PROPERTY
Nomini Mbasane +27 82 902 0968 nomini.mbasane@pamgolding.co.za
KZN SOUTH COAST SALES
Uvongo | R1.9 million EXCEPTIONAL LIVING: RECENTLY RENOVATED HOUSE
Experience luxury living in this recently renovated 3-bedroom house, featuring 2 ensuite bedrooms and a third bathroom with a separate toilet. Revel in the modern touch of newly tiled floors and aluminum windows with roller blinds throughout. The spacious lounge and dining room boast high ceilings and a dedicated study area, creating a harmonious blend of style and functionality. 3 BEDROOMS | 3.5 BATHROOMS | 1 GARAGE
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Khwezi Nzimande +27 78 375 8373 khwezi.nzimande@pamgolding.co.za
KZN SOUTH COAST SALES
Margate | R2.93 million TWO HOMES OVERLOOKING GOLF COURSE
Main House: As you enter through the entrance hall you have light and brightness through out the house walking through there's a lounge area, dining room, a beautiful bar area for entertainment, large kitchen with scullery and study room. Second House: With it own entrance and privacy this property has 2 bedrooms and 2 bathrooms, a spacious lounge and kitchen. 3 BEDROOMS | 2 BATHROOMS | 2 GARAGES
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Khwezi Nzimande +27 78 375 8373 khwezi.nzimande@pamgolding.co.za
KZN SOUTH COAST SALES
Margate | R1.1 million FURNISHED BEACHFRONT TOWNHOUSE
Introducing your dream beachfront retreat! This stunning 2-bedroom townhouse offers the epitome of seaside living. Imagine waking up to the sound of waves in your spacious beachfront oasis. With a full bathroom and an additional separate toilet, convenience meets luxury at every turn.
2 BEDROOMS | 1.5 BATHROOMS | 1 GARAGE VIEW PROPERTY
Khwezi Nzimande +27 78 375 8373 khwezi.nzimande@pamgolding.co.za
KZN SOUTH COAST SALES
Margate | R1.83 million STUNNING BEACHFRONT APARTMENT WITH BREATHTAKING SEA VIEWS This beautiful ground floor apartment is situated in a tranquil part of Margate close to many amenities and is securely based in a complex. The apartment has 3 bedrooms and 3 bathrooms for convenience, all with built in cupboards and ceiling fans. Large and spacious 2 of the rooms have access to the covered patio with large open windows with gorgeous views of the sea.
3 BEDROOMS | 2 BATHROOMS | 1 PARKING VIEW PROPERTY
Farren Govender +27 82 498 9749 farren.govender@pamgolding.co.za
KZN SOUTH COAST SALES
Margate | R1.5 million HOLIDAY APARTMENT RIGHT ON THE BEACH Santorini is one of the jewels of the lower South Coast, offering upmarket and modern apartments with amazing sea views. This stunning 3 bedroom, 2 bathroom (MES) unit is located on the second floor of Santorini B, a stone's throw away from the breaking Indian Ocean.
3 BEDROOMS | 2 BATHROOMS | 1 PARKING VIEW PROPERTY
Ewald Pretorius +27 78 936 4064 ewald.pretorius@pamgolding.co.za
KZN SOUTH COAST SALES
Margate | R830 000 FULL FURNISHED APARTMENT FOR SALE This fully furnished 2-bedroom apartment is situated within a desirable complex in Margate. The primary bedroom features an ensuite bathroom and a balcony, while the second bedroom shares a bathroom.
2 BEDROOMS | 2 BATHROOMS | 1 GARAGE VIEW PROPERTY
Nomini Mbasane +27 82 902 0968 nomini.mbasane@pamgolding.co.za
RECENTLY SOLD
SOLD
Margate
GET EVALUATION
Ewald Pretorius +27 78 936 4064
SOLD
Margate
GET EVALUATION
Ewald Pretorius +27 78 936 4064
RECENTLY SOLD
SOLD
Margate
GET EVALUATION
Ewald Pretorius +27 78 936 4064
SOLD
Margate
GET EVALUATION
Ewald Pretorius +27 78 936 4064
KZN SOUTH COAST SALES
Margate R800 000
3 BEDROOMS | 1 BATHROOM | 1 GARAGE
VIEW PROPERTY
This wonderful 3 bedroom townhouse with 1 full bathroom, lovely kitchen and spacious open planned lounge and dining room. The unit has marvelous sea views, and is a short walk away from the beach.
Khwezi Nzimande +27 78 375 8373
Shelly Beach R3.3 million
1004 M² RESIDENTIAL VACANT LAND FOR SALE
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Discover unparalleled potential with this vacant land in the prime location of Shelly Beach. Situated on the main road in close proximity to Shelly Center and South Coast Mall, this land offers convenience and visibility. Enjoy distant sea views, and embrace the allure of being near the beach.
Khwezi Nzimande +27 78 375 8373
Manaba R1.08 million
3 BEDROOMS | 2 BATHROOMS | 1 GARAGE
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Escape to your own seaside paradise with this exquisite, furnished 3-bedroom, 2-bathroom apartment boasting breathtaking breaker views. Nestled in a prime coastal location, this property is a testament to luxury living.
Neil Devonshire +27 64 901 3330
KZN SOUTH COAST SALES
Margate R550 000
1341 M² VACANT LAND FOR SALE
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This 1341 square meters of land is right on the main road on Windgate Avenue, Margate. Near a golf course and many other amenities.
Khwezi Nzimande +27 78 375 8373
Oslo Beach R2.9 million
4 BEDROOMS | 3 BATHROOMS | 3 GARAGES
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This beautiful property features a main house, a second dwelling and a flatlet. The main house and second dwelling can be used as one large home with the removal of an interleading door. The main house consists of 4 spacious bedrooms, 3 bathrooms (2 of which are ensuites), 2 lounges, spacious kitchen and scullery.
Fathima Raja +27 81 485 4722
Manaba R1.09 million
3 BEDROOMS | 2 BATHROOMS | 1 GARAGE
VIEW PROPERTY
Discover a hidden gem nestled in a tranquil neighborhood – the perfect property is now available for sale in this secure complex. This charming home offers a blend of comfort and security.
Ewald Pretorius +27 78 936 4064
KZN SOUTH COAST RENTALS
Shelly Beach
R15,500 per month
5 BEDROOMS | 3 BATHROOMS 2 GARAGES Welcome to our stunning townhouse nestled within a secure complex in a tranquil and secure neighborhood. This modern and upmarket townhouse offers a range of features that provide comfort, convenience, and style for your ultimate living experience.
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Mohammed Valodia +27 78 674 9358
Margate
R9,000 per month 3 BEDROOMS | 2 BATHROOMS 2 PARKING Experience the pinnacle of coastal luxury living in this premium apartment, nestled in a prestigious block just a street away from the beach. With panoramic sea, garden, and town vista views, this is the apartment you've been dreaming of.
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Mohammed Valodia +27 78 674 9358
KZN SOUTH COAST RENTALS
Uvongo
R8,000 per month
3 BEDROOMS | 2 BATHROOMS 1 GARAGE The property features three spacious bedrooms, two bathrooms (main en-suite) and a large open plan lounge, dining room and kitchen. The lounge leads into the sunroom, flooded with natural light and stepping out into the garden.
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Ewald Pretorius +27 78 936 4064
Umtentweni
R13,500 per month 4 BEDROOMS | 2 BATHROOMS 2 GARAGES Discover the tranquility of this charming family residence, now open for rent with a potential future purchase option. Boasting four meticulously designed and tiled bedrooms, the main bedroom features a walk-in closet and an attached en suite bathroom.
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Farren Govender +27 82 498 9749
More Positive Outlook for SA’s Residential Property Market in 2024
Market Overview & Outlook by Dr Andrew Golding, chief executive of the Pam Golding Property group
PROPERTY MARKET OVERVIEW & OUTLOOK In a year (2023) characterised by unusually high levels of political and economic uncertainty and volatility, central banks in most major global economies hiked interest rates aggressively in an attempt to contain renewed inflationary pressures caused initially by the 2020 pandemic but reinforced by the subsequent conflict in Ukraine and the Middle East, which disrupted global trade and commodity prices. South Africa was not spared and the Reserve Bank responded with an aggressive 475 basis points of interest rate hikes starting in late-2021, more than fully reversing the rate cuts during the pandemic, which then triggered a boom in housing market activity, further fuelled by pent-up demand. The resurgence in the oil price amidst the global turmoil, coupled with a weaker rand, created higher petrol and diesel prices, which further strained households’ already pressured finances. While the global outlook for 2024 remains uncertain – particularly as the conflict in Ukraine and the Middle East continues – there is good news on the inflation and interest rate front. The inflation rate in Europe and the USA has peaked and, as a result, the upward phase of the global interest rate cycle appears to have ended. While the timing of likely interest rate cuts in the new year is far from certain, there is widespread consensus that the next move in global interest rates will be a reduction, which will create room for local interest rates to begin declining once more. In South Africa, it appears that interest rates have finally peaked, with the MPC keeping interest rates unchanged at their final meeting of the year. This was the third consecutive meeting at which interest rates remained unchanged, however, it was tempered by a hawkish statement which warned that they would hike rates further if necessary. Against the backdrop of a subdued economic growth rate, with household finances under pressure from a rising cost of living and a series of interest rate hikes, it was no surprise that activity levels in the local housing market slowed during 2023. According to Lightstone, total sales volume (units) during the first three quarters of the year totalled 167 404 transactions, which is nearly 20% below the still elevated total sales during the same period in 2022 but also 5.5% below the same period in 2019 (see chart on the next page).
PROPERTY MARKET OVERVIEW & OUTLOOK
Luxury Market In contrast to this overall picture, however, in the high-end, luxury residential market in the R25 million+ price range, Pam Golding Properties achieved a 30% increase in unit sales over the previous year, with sales of homes upwards of R80 million and beyond. Furthermore and in line with the Western Cape market’s general appeal and within the Cape Metropole, the Pam Golding Property group concluded significant top-end sales, including: a R90 million transaction and a R56.5 million sale in Bishopscourt, as well as two bungalows in Clifton at over R30 million each, and other top-end houses and luxury apartments sold in Camps Bay and Clifton, with a buoyant luxury market in Constantia, Bishopscourt and surrounding areas, with numerous sales in the R20 million to R40 million price band. Currently, Pam Golding Properties is marketing a luxurious five-bedroom house in Clifton at R170 million. In addition, certain other coastal areas have also followed this trend. In Hermanus, for example, Pam Golding Properties achieved a record price of R43 million for the area and another record price of R24 million for a beachfront property in Betty’s Bay, while in the George and Mossel Bay region noteworthy sales include R24 million for a home in Fancourt, R23.5 million for a Wilderness Coastal smallholding, and R22 million for a home in Gondwana Game Reserve. In Beacon Bay in East London, the highest residential sale for R9.8 million for a luxury family home was also concluded. Further up the coast and indicating the perceived value of oceanfront property we concluded a sale of R8 million in Port Shepstone, in one of the best surfing and rock fishing spots on the KZN South Coast. Then perhaps surprisingly, and as an indication of what we believe is the early signs of the resurgence of the Johannesburg market, we are experiencing an
PROPERTY MARKET OVERVIEW & OUTLOOK increase in enquiries for luxury homes in areas such as Sandhurst, Westcliff and Bryanston with numerous sales in excess of R20 million concluded. A highlight in this regard was a successfully concluded sale of R54 million in Waterfall Equestrian Estate in Midrand. A noticeable trend which augurs well for the market is in the suburb of Houghton where older properties are being acquired, consolidated and redeveloped into luxury clusters or high-end sectional title units. Locations offering prestige, top-notch security and a luxurious lifestyle are in high demand. Increase in Tourism & International Buyers Furthermore, and encouragingly, we are seeing a significant increase in tourists to the Cape, with the well-managed Cape Metro also benefiting from a surge in semigration from various regions generally to the north of the country. In addition, international upheaval has paradoxically made the Cape an interesting proposition for numerous international buyers. Market sentiment is positive and prospective buyers are enjoying the unique and diverse lifestyle on offer, from the sandy white beaches of the Atlantic Seaboard with its vibrant V&A Waterfront to the vineyards and tranquillity of the Southern Suburbs. Not surprisingly, with its high global profile, and very appealing lifestyle amid the beauty of its natural surrounds, Cape Town has already seen an influx of international buyers active in the market – not only in the top end of the market, but across all price ranges, demonstrating confidence in the Mother City’s residential property market. South Africa offers exceptional value for money – in the world-class city of Cape Town, for example, USD1 million will enable you to acquire a residential property of approximately 200sqm, while the same price tag will only secure 33sqm in New York, 34sqm in London, 43sqm in Paris, 44sqm in Sydney and just 17sqm in Monaco. Most international buyers concur, commenting that the value offered by properties is significant and the lifestyle on offer in South Africa compelling, ranking with the best on offer elsewhere in the world. This segment of the market also remains relatively unaffected by interest rate hikes. Buyers with significant resources are also keen to diversify their investments while at the same time benefiting from living in properties offering outstanding views, lifestyle and amenities, which are in abundance. Pam Golding Properties’ residential property sales to international buyers in the last 12 months comprised 5.4% of our total sales, concluded with purchasers from around the globe with the top 16 being the UK, Germany, Zimbabwe, USA, Netherlands, Belgium, Nigeria, Canada, Switzerland, Angola, Botswana, China, Italy, Congo, France and Lesotho. Their locations of choice vary considerably,
PROPERTY MARKET OVERVIEW & OUTLOOK including the Cape Atlantic Seaboard, Cape Winelands, Whale Route, the Garden Route towns of George, Knysna and Mossel Bay, and St Francis Bay and Port Alfred in the Eastern Cape, Hoedspruit, Nkomazi, Fourways in Johannesburg, and Underberg, among many others. House Price Inflation While the national house price inflation rate, as measured by the Pam Golding Residential Property Index, has shown clear signs of stabilisation in recent months, the soaring inflation rate took its toll on growth in real prices (see chart below). Now however, with inflation being brought back under control – returning to the Reserve Bank’s inflation target and likely easing towards the mid-point of 4.5% by year-end, the outlook for real national house price inflation is markedly more positive in 2024.
Regional Markets House Price Inflation Ave
2020
2021
2022
2023
Gauteng
2.91
4.46
2.56
1.61
Western Cape
4.53
6.63
6.26
5.57
KwaZulu-Natal
4.07
5.35
4.33
2.28
South Africa
3.82
5.48
4.18
3.31
PROPERTY MARKET OVERVIEW & OUTLOOK The Western Cape housing market has registered the strongest growth among the three major regions during the past four years, including the year to date, with KZN following in second spot. Metro markets House price inflation in all major metro housing markets is losing momentum, with the exception of Cape Town where growth in prices stabilised at 3.8% in recent months. Johannesburg is the only major metro where prices are declining from year-earlier levels, being in negative territory since January 2023 (latest data is July 2023). Within the coastal metros, a period of outperformance by Nelson Mandela Bay has now ended, while Cape Town is currently the top performing among the three major coastal metros (see chart below).
Market trends Interestingly, according to ooba, the average age of bond applicants rose to 40 years in October 2023, for the second time this year, while the average age of interest rate-sensitive first-time buyer bond applicants remained elevated at 36 years. First-time buyers are typically more sensitive to a rising interest rate environment as they are at the early stages of their careers and have fewer financial resources for deposits and associated costs of home ownership. As a result, after stabilising just below 50% in the wake of the post-Covid boom, the percentage of applications received from first-time buyers continues to weaken, averaging just 47.3% in the three months to October 2023. However, with interest rates stabilising and expected to embark on a downward trajectory,
PROPERTY MARKET OVERVIEW & OUTLOOK and with sound value to be had in the marketplace, the potential exists for firsttime buyers to capitalise on opportunities to gain a foothold in the property market. Encouragingly, measures of banks’ appetite for lending to the market include: Competitive pricing of loans – after a sharp adjustment between Oct’22 and Jan’23, ooba’s average (weighted) concession below prime continued to improve during the course of the year – declining from -0.39% on Feb’23 to -0.48% in Oct’23. This is the most competitive pricing seen since the final years of the 2008/09 recession in the wake of the global financial crisis and goes some way towards making home loans more accessible for South African home buyers. Approval rate – approval rates have declined somewhat in recent months but remain elevated, reflecting the ongoing appetite of banks to extend mortgages. Buyers whose applications have been pre-qualified continue to enjoy a significantly higher approval rate compared to applications not linked to pre-qualification. Applications for 100% loans surged in the wake of the interest rate cuts in the initial stages of the pandemic – (reaching 67.5% of applications in June 2020), but have since drifted lower (54.1% in Oct’23), particularly as the Reserve Bank continued to raise interest rates from late-2021 onwards. In contrast, the approval rate for 100% loan applications remains elevated. In 2019 (before the pandemic) the approval rate for 100% loan applications was 81.7%, while during the first 10 months of 2023, approval rates averaged 82.1%, on a broadly similar level. Deposits – one indicator which does appear to have shifted is deposits as a percentage of purchasing price, particularly deposits paid by first-time buyers (FTB). After reaching a low of 6.5% of purchase price in Oct-2020, deposits paid by FTB have since risen to 10.3% in 2023 – a level last recorded in Jan’19. Average deposits (both FTB and repeat buyers) reached a low of 7.2% in Jan’22 and have since risen to 8.95% in Oct’23. Prior to the pandemic, FTB typically paid a smaller deposit as a percentage of purchase price than repeat buyers but since the pandemic, they pay more. Either way, the increase in deposits suggests that banks are becoming a little more cautious in extending credit. Other Key Trends Demand for Sectional Title : The surge in demand for freehold properties fuelled by the pandemic – as the ability to work from home prompted many homeowners to shift from smaller, ST properties in business nodes, to larger FH properties in peripheral suburbs of the metro areas or smaller towns – appears to have somewhat faded and the desire for sectional title has resumed. This could be attributable to the return to working in the office and/or SA’s young population buying a home for the first
PROPERTY MARKET OVERVIEW & OUTLOOK time ie affordability. Furthermore, changing lifestyles means that people increasingly prefer lock-up-and-go living and better security and lower maintenance of ST living. In October 2023, growth in freehold prices had slowed to 2.11% compared to 2.03% for sectional title homes. While growth in FH prices continues to lose momentum, house price inflation for ST properties appears to be showing tentative signs of recovery. Increased demand for ST homes is also evident when looking at the homes sold in the five largest metro markets. A decade ago, less than 45% of all homes sold were ST but during the year to date, nearly 55% of homes sold were ST – highlighting the growing preference for ST homes. The bulk of new developments in major metro areas are typically residential blocks, with a growing percentage of mixed-use developments. Sales of ST range from a high of 63.1% of total sales so far this year in Tshwane to just 45.1% in Johannesburg. Ongoing Semigration Despite a reduction in sales volumes in the market country-wide, mainly driven by the current economic headwinds that the country is experiencing and certainly driven by the recent rise in interest rates, there continues to be significant buyer interest in the greater Western Cape market – including the Boland & Overberg regions and Garden Route, as well as KwaZulu-Natal and Eastern Cape coastal regions. Positively, Gauteng does still attract a large portion of first-time buyers and semigrators who are drawn by the employment opportunities and who are able to gain a foothold in the market due to the relative affordability of homes. According to the Q3 2023 FNB Estate Agent Survey, 12% of homes sold in Q3 were due to homeowners relocating within South Africa – an indicator of ongoing semigration or movement between provinces – although this has slowed as a percentage of total sales as rising interest rates made it more expensive to purchase a new home. Rental Market There has been a marked increase in applications for investment or buy-to-rent properties in recent months, according to ooba. This suggests that buyers see the residential property market as an attractive investment proposition, and could also include those who ultimately intend to semigrate elsewhere in the country, opting to gain a foothold in their desired town or metro housing market with an investment or rental property until they are ready to relocate.
PROPERTY MARKET OVERVIEW & OUTLOOK This surge in demand for investment properties is being primarily driven by the Western Cape, where investment applications have risen to 28.1% of all applications received in October 2023. In Cape Town, tenant activity and demand has increased, resulting in a significant under-supply of available homes to rent. The combination of semigration, excellent service delivery and favourable climate has led to a substantial increase in the number of tenants seeking rental properties. In particular, the City Bowl, Atlantic Seaboard and Southern Suburbs have become highly sought-after areas, resulting in fierce competition for rental properties. As a result, Cape Town has experienced healthy rental escalations. Currently, the vacancy rate is just 3.62%, the lowest it has been since the start of the pandemic. Outlook for 2024 As is always the case, within the slowing overall activity levels there are vast differences between the pricing, demand and activity in different towns, suburbs and property types driven by local demographics and lifestyle trends. Further complicating the outlook in 2024 is the prospect of US and South Africa’s elections next year, although the recent decision by S&P Global to affirm SA’s credit rating is a reassuring sign of stability. Generally speaking, the outlook for next year is likely to show an improvement in a number of key residential property metrics when compared to 2023. Dominating this improvement in outlook will hopefully be the start of a downward trend in interest rates which nearly always signals an uptick in activity and which, as a consequence, is also likely to herald the start of a cycle of real house price growth. Furthermore, with the toll that loadshedding took on the economy in 2023 hopefully expected to ease significantly during the course of next year, prospects for growth should improve. We also anticipate a continued divergence between the performance of different regional and metro housing markets – reflecting both the stability of the local municipality, the affordability of homes, the strength of the local economy and the lifestyle offering of the town/suburb. This will make location an increasingly important factor. In 2024 agility will be key – as it was during the pandemic – which is likely to result in the residential property market (much like other sectors of the property market) being forced to be as flexible as possible. For example, new residential developments which offer units for purchase as well as short and long-term rentals (with aparthotel facilities), and mixed-use which allows for commercial and residential in a single new development.
PROPERTY MARKET OVERVIEW & OUTLOOK The shift to ‘green’ homes will become more mainstream. While loadshedding may ease, the rising cost of electricity (coupled with some measure of loadshedding) is likely to make the shift to solar appealing for those who can afford it. The continued breakdown in municipal services – not only due to poor maintenance but also increased urbanisation/semigration, placing greater pressure on limited infrastructure – will make going off-grid or at least increasing self-sufficiency an increasingly appealing option. While the latest semigration wave was triggered by the pandemic, ie work from home, it is now being driven by lifestyle and governance factors. The shift to low-maintenance, convenient sectional title properties, given considerations of security and cost, will continue, particularly in the major metropolitan areas and key commercial hubs, and developers are responding to this demand for sectional title living, with new flats and townhouses increasing. Globally, Savills researchers from around the world are predicting a more positive real estate investment environment in 2024, with 57% on average expecting a moderate to strong increase in investment activity next year, although this rises to as high as 70% of respondents for multifamily residential property – a sector where demand outstrips supply in many areas. All comments above by Dr Andrew Golding, chief executive of the Pam Golding Property group
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KZN South Coast Office
718 Marine Drive, Shelly Beach 039 682 5082 portshepstone@pamgolding.co.za
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