The property market is exciting and challenging from an investment perspective. Their are those who are just looking to invest to generate income and those looking to make a return. There are high net worth individuals who want to buy a property to enjoy their own asset. The growth of areas like Umhlanga and Ballito in the greater Durban region has seen the rise of ultra luxury estates that have become one of the highest listing s in South Africa. These new modern luxury properties have given rise to a new kind of buyer with higher lifestyle demands. Buyers of properties ranging from R10 million want the best locations that are close to all of the new luxury lifestyle shopping centres and close proximity to the beach.
Prices of high end homes may start at R10 million but they usually average at about R20 million and can go up to as much as R70 million at the ultra luxury category. These properties can rival the best in the world when it comes to architecture. Homes that command these prices have to have the best design but also fit and finishes. Having the best contractors and designers working to bring new projects to life is essential. The architecture is just the start to a beautiful luxury home, landscaping and interior design needs to match the overall style and value of a home.
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