DURBAN - Rosebank is the one to watch in terms of ‘big city” investment in South Africa – moving against the grain in every aspect of property growth.
Last week it was reported that SA’s housing market had hit a surprising upswing – with industry players reporting an uptick in housing activity in recent weeks – suggesting the market has finally bottomed out.
"The timing is right to look at a ‘big city’ luxury apartment investment, particularly in an upwardly moving investment node like Rosebank," said Jonathan Kohler, Chief Executive of Landsdowne Investment Properties.
Far more than a passing trend
"While we are seeing wealth portfolio’s focussed on offshore investment, big city investment should not be overlooked, particularly in a node like Rosebank – this is no passing trend,” says Kohler. The increase in corporates needing to house international executives close to the business district, as well as business people transitioning far more frequently from Cape Town and other regions to work at Sandton-based head offices, is the reason contemporary new developments such as 100 Oxford are in demand," said Kohler.