2024 a good year for property investment as Renishaw Hills on the KZN South Coast note sales spike

Renishaw Hills, nestled within the picturesque Renishaw Coastal Precinct on the KZN South Coast, is riding the wave of South Africa’s positive economic shift, translating into significant growth in property sales in 2024 and investor confidence. The mature lifestyle estate, which has just launched quality apartments designed specifically for retirees, has seen a marked rise in interest, with property values rising steadily this past year.

“We are thrilled to observe the surge in sales and inquiries at Renishaw Hills over the past few months, with the latest addition of apartment offerings meeting a specific market demand,” stated Barto van der Merwe, Managing Director of Renishaw Property Developments, a subsidiary of the JSE-listed Crookes Brothers Limited. “Investors at Renishaw Hills have seen a remarkable 60% increase in home values over the past six years. With the continued development of Renishaw Coastal Precinct – one of the area’s only precinct developments – we expect this return on investment to climb even further.”

Several key factors are contributing to the heightened investor confidence in South Africa’s property market. Van der Merwe pointed to the government’s renewed focus on positioning the country as a global investment hub, alongside a stable electricity supply from Eskom. Additionally, the Reserve Bank’s decision to cut interest rates for the first time in four years has bolstered property sales.

“While the broader economic outlook is promising, there are even more reasons to invest specifically in Renishaw Hills,” continued Van der Merwe. “With active community initiatives like Keep Scottburgh Beautiful and Tidy Towns enhancing the area’s appeal, Renishaw Hills offers an unmatched investment opportunity. The estate’s premium build quality, high-end security, abundant nature-focused living, and year-round coastal lifestyle make it a top choice for discerning investors.”

Renishaw Hills forms part of the 1 300-hectare Renishaw Coastal Precinct, one of South Africa’s largest and most unique developments. Unlike most large-scale developments, 80% of the precinct is being preserved as a pristine conservation area, with 20% earmarked for development. The recent announcement that leading organisations like Cubisol Property Fund and Hampsons have secured sites for a shopping centre and a petrol station has further amplified interest in this thriving coastal gem. Plans for a school are also underway, signalling robust growth in the region’s community infrastructure.

Van der Merwe added that buyers within Renishaw Hills are part of an exclusive group of perceptive investors who’ve discovered the KZN South Coast advantage early: “They are among like-minded individuals who recognise exceptional value and act on emerging opportunities before they become mainstream. While the KZN North Coast and Western Cape have already seen their property booms – with prices now at a premium – the KZN South Coast represents the last remaining opportunity for early market entry on South Africa’s coastline.”

Renishaw Hills has launched 16 exclusive apartments with the finest finishes, spacious layouts, modern conveniences, and ocean or forest views. Starting from just R1 595 000, the 2-bedroom and 2-bathroom apartments with premium finishes, boasting extensive ocean and coastal forest views, all available with the choice of a spacious garage or an undercover parking bay. There are also additional garages and parking bays available for purchase by Renishaw Hills owners which can also be used as storage space.

Far from being just a retirement village, Renishaw Hills is a premier mature lifestyle estate for individuals over 50, offering a vibrant, active lifestyle. Affordable levies include all exterior maintenance and insurance, garden services, refuse collection, postal services, fibre optic WiFi, cutting-edge security, healthcare options, with access to fantastic communal facilities, more than 20 active clubs, and a variety of diverse activities. Residents are also offered water security through an independent water supply which ensures uninterrupted water access.

For more details or to arrange a tour, contact Kelly at 064 198 2693, email sales@renishawhills.co.za, or visit www.renishawhills.co.za.

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