DURBAN - With direct British Airways flights to London and the return of the renowned City Surf Series event to Durban, the city is going all out to present its best credentials to the world as a prime global coastal destination.
Michelle Burger, Pam Golding Properties area principal in Durban, said, "Our tourism benefits greatly from these coups and having the WSL surfing contest back in Durban is another feather in the city’s cap as not only does tourism flourish with competitors and spectators flooding the beachfront, it has brought back confidence that the city is on the map for these international contests".
According to Burger, Durban’s housing market has seen a steady increase in activity in recent months. According to the Pam Golding Residential Property Index, eThekwini Municipality is currently experiencing the strongest recovery in house prices.
"We are seeing well-priced listings selling quickly and also close to asking price, while we’ve also had a couple of sales where properties have been snapped up in one to two weeks," said Burger.
Sandra Gordon, Pam Golding Properties senior research analyst, says according to Lightstone statistics, the majority of homes in Greater Durban are freehold (60.3%), with 59% of current homeowners having owned their properties for 11 or more years, indicating a stable housing market.