Balize Private Estate has introduced freestanding sectional title homes within the estate.
Driven by market trends and key buyer insight, Balize Private Estate has reconfigured its offering to include freestanding Villas into the mix of Cabanas and Penthouses. Interestingly, many estates are including more sectional title properties to meet the demand of those no longer wanting larger freehold homes.
Neil Slatter, Development Representative explains, “We have taken the decision to enhance the offering at Balize Private Estate to be more in line with current market demands. Our trend analysis has shown us that a large portion of the South African Real Estate market is asking for the privacy and comfort of a freestanding home but also the peace of mind that comes with being within a secure estate. What’s more, Balize Private Estate is further enhanced by the facilities offered, our central location and our positioning within the prestigious Sibaya Coastal Precinct.”
There is a high market demand for sectional title opportunities within secure estates, especially along KZN’s North Coast. Looking at trends in the market, security ranks highly but so does convenience and accessibility as well as a lock-up-and-go lifestyle. In South Africa, out of 6.6 million homes, almost 12% of those are sectional title dwellings which translates further into a hefty portion of the total value of homes nationally.
Many people, commonly referred to as ‘empty-nesters’ are faced with the dilemma of down-scaling during the time of their lives before retirement when their children have left home. Aiming to net several sectors of the market and offering a centrally-placed, entirely secure boutique estate with attractive facilities, Balize Private Estate is geared to attract investment from those looking to down-scale the size of their homes, without compromising on their quality of life. Not surprisingly, developers are working tirelessly to curate an estate which hits the sweet spot between being boutique and tranquil yet modern and luxurious.