Residential Guidebook Residential Guidebook 2014 (Subscribers) | Page 48

PRIME REAL ESTATE N egatively impacted by the recession, the coastal residential property market, in particular the leisure market, has battled to regain momentum in the prevailing challenging economic trading conditions. every week for work. The lifestyle offering and climate in Durban are extremely appea ling, particularly for young families raising children. In KwaZulu-Natal Durban, Durban North and La Lucia and the Durban beachfront, which attracts both holiday and investment buyers, has seen an increase in inquiries since the middle of 2013. Often it is simply a matter of lifestyle choice and families wanting to live in a less fast-paced metropolitan area. Although many of our buyers are from Gauteng, our market is still largely driven by locals wishing to upscale or