August spike in Renishaw Hills
August spike in Renishaw Hills’ sales as lockdown eases and people seek the coastal living
Following the hard lockdown in April and May, South Africa experienced a massive increase in property sales the past few months, with coastal properties attracting significant interest. Renishaw Hills, a mature lifestyle establishment on the KwaZulu-Natal (KZN) South Coast, has noted a surge in August, with property sales concluding and investor interest on the up.
“There are definitely a number of elements that have contributed to the recent property boom, with quality of life undoubtedly a major deciding factor for people living through lockdown,” explained Phil Barker of Renishaw Property Developments. “The work-from-home reality, which once made employees weary, has proven incredibly effective. And, if you’re going to work from home, then preferably do so with a beautiful ocean view!”
Renishaw Hills is located near Scottburgh, alongside a nature conservancy, providing residents with both coastal and forest access in a secure setting. The many on-site facilities, as well as the low-maintenance requirements of a well-run estate, have seen people drawn to the hassle-free, coastal living for which the KZN South Coast is renowned.
Barker said that the historically low interest rate, which wouldn’t usually impact retirees, has also worked in their favour: “While retirees don’t generally rely on home loans, the decreased interest rates have made it easier to sell an existing property. We’ve also noticed a trend in the relatively younger buyers investing in a retirement home now, to be used later in life. This buy-to-rent model works incredibly well in a retirement village setting.”
In August alone, Renishaw Hills has concluded five sales, with another couple lined up; and the number of inquiries received has continued to grow as lockdown measures have eased: “The interest is from people across the country, and we’ve noticed a definite uptake in inquiries coming through on our social media platforms.”
Renishaw Hills introduces Phase 5
The opening of the property market has fortuitously coincided with the Phase 5 launch of this well-established lifestyle village. Renishaw Hills currently has only 13 standalone units left in Phase 5, all of which are 2- and 3-bedroom homes that are light, spacious and completed in modern finishes.
There are 7 prime-position units available with coastal forest views – of these, one is a 2-bedroom unit, and six are 3-bedroom units. There are also three 3-bedroom homes boasting sea views.
· Renishaw Hills Phase 5 standalone homes start at R2.91m, or a discounted price of R2.48m in the RTO Sectional Title option.
Due to demand, we have also just launched a further 8 of our popular 2-bedroom maisonettes, starting at R2.05m.
For more information about Renishaw Hills or to book a tour with all relevant health-and-safety measures adhered to, contact Renishaw Hills on info@renishawhills.co.za