Tyson Properties anticipates relooks at KwaZulu-Natal to underpin growth
Category News
HOME-GROWN national property group Tyson Properties continues to focus on steady growth and unfolding opportunities and opens two new offices serving two key markets - the KwaZulu-Natal (KZN) North Coast and Pietermaritzburg in the Midlands.
Tyson Properties director, Murray Haywood, who is establishing the new Salt Rock based office says the KZN North Coast is rapidly emerging as one of South Africa's prime locations for lifestyle and investment.
"The North Coast will become the 'Atlantic Seaboard' of KZN in the next five to ten years as European investors discover it. Already, there are more international flights arriving and property prices will continue to increase. We have exciting times ahead. The Club Med resort is being developed at Tinley Manor which offers an invitation to the rest of the world to discover the province's best kept secret," he says.
The KZN North Coast real estate market is thriving and has been achieving steady sales since 2020. These reflect the ongoing demand for secure estate living close to the coast with many families relocating to take advantage of good schools and professionals putting down roots in the province's economic hub.
"I chose to move here to achieve a balance of lifestyle and weather as well as to seize an incredible opportunity to buy and sell some of the most exclusive future value properties. There is no limit as the estates also make provision for sectional title free standing homes and retirement units, assisting entire families to live together," says Murray.
The KZN Midlands is a property stalwart with more and more investors opting to relocate from the city and work remotely. It is close to major cities such as Durban and Johannesburg with good road infrastructure that is in the process of a major upgrade. In addition to some of South Africa's best scenery, it is also home to many of the country's top schools.
Tyson Properties CEO Chris Tyson says the province has long been South Africa's most stable market and, while it did take a battering during tough times, it has always bounced back.
"If the national market drops 20%, KwaZulu-Natal only drops 12% reflecting its buoyancy. It has always been a sound province in which to invest despite the infrastructure challenges following the 2021 riots and 2022 floods," he says.
Consequently, the group is actively relooking its home market by reworking its business models to underpin growth over the next few years. It has already tripled its head count in the Pietermaritzburg and Natal Midlands franchises.
Launched in 2005 with a single Durban-based office, Tyson Properties has grown into a national operation with 590 employees in 26 offices. Tyson Properties has scooped both national and global awards while remaining grounded in sound ethics and strong stakeholder relationships.
Tyson is optimistic about the property market in KZN as well as nationally in the wake of recent long-awaited interest rate cuts. The two most recent ended 2024 with an effective 0.5 percentage point drop, with further small cuts anticipated during the first half of 2025.
"The indicators are in place for a solid property run over the next 18 months and we are gearing up for an upbeat market, focusing on building stock in anticipation," Tyson says.
The Tyson website www.tysonprop.co.za receives more than 13000 unique visitors monthly from as far afield as China, Australia, the US, UK and United Arab Emirates (UAE).
Author: Tyson Properties
