2024 - A Good Year for Property Investment as Renishaw Hills on the KZN South Coast Notes Sales Spike

Renishaw Hills, nestled within the picturesque Renishaw Coastal Precinct on the KZN South Coast, is experiencing a surge in property sales and investor confidence, reflecting South Africa's positive economic momentum. The mature lifestyle estate, which recently launched quality apartments specifically designed for retirees, has noted a significant rise in interest, with property values steadily increasing throughout 2024.

Strong Growth in Property Values

“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,” said Barto van der Merwe, Managing Director of Renishaw Property Developments, a subsidiary of the JSE-listed Crookes Brothers Limited.

Investors at Renishaw Hills have enjoyed a 60% increase in home values over the past six years. With the continued development of the Renishaw Coastal Precinct, one of the area’s only precinct developments, the return on investment is expected to grow even further.

Key Drivers of Investor Confidence

Several factors are bolstering investor confidence in South Africa's property market:

• Government's renewed focus on positioning the country as a global investment hub.
• Stable electricity supply from Eskom.
• The Reserve Bank's decision to cut interest rates for the first time in four years.

“While the broader economic outlook is promising, there are even more reasons to invest specifically in Renishaw Hills,” added van der Merwe. Community initiatives like Keep Scottburgh Beautiful and Tidy Towns have enhanced the area’s appeal, while the estate offers unmatched investment opportunities through its premium build quality, high-end security, and nature-focused living.

Unique Coastal Development

Renishaw Hills forms part of the 1,300-hectare Renishaw Coastal Precinct, one of South Africa’s largest and most unique developments. Notably, 80% of the precinct is preserved as a pristine conservation area, with only 20% earmarked for development.

Recent investments by Cubisol Property Fund and Hampsons in a shopping centre and petrol station have heightened interest, with plans for a school further indicating robust growth in community infrastructure.

Exclusive Apartments for Modern Living

Renishaw Hills has launched 16 exclusive apartments featuring:

• Starting price: R1,595,000.
• Layouts: 2-bedroom, 2-bathroom apartments.
• Amenities: Premium finishes, ocean and forest views, and options for garages or undercover parking bays.

Additional garages and parking bays, usable as storage, are available for purchase by Renishaw Hills owners.

More Than a Retirement Village

Far from being just a retirement village, Renishaw Hills is a premier mature lifestyle estate for individuals over 50. The estate promotes a vibrant, active lifestyle, with:

• Affordable levies covering maintenance, garden services, refuse collection, postal services, and fibre optic WiFi.
• Cutting-edge security and healthcare options.
• Over 20 active clubs, diverse activities, and fantastic communal facilities.
• Independent water supply for uninterrupted access.

Discover Renishaw Hills

For more details or

to arrange a tour, contact:

• Kelly: 064 198 2693
• Email: sales@renishawhills.co.za
• Website: www.renishawhills.co.za

Press Release Submitted By

Company Name: Renishaw Property DevelopmentsContact Person: KellyContact Number: 064 198 2693Contact Email: sales@renishawhills.co.zaWebsite: www.renishawhills.co.za

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2024: Invest in the KZN South Coast’s Hidden Gem

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