The residential property market within the Mount Vernon and Bellair suburbs of Durban has historically served as a critical middle-income residential node, offering a combination of accessible freestanding housing and proximity to the industrial and commercial hubs of the Durban South Basin. However, recent longitudinal data indicates a concerning downward trajectory in asset valuations, characterized by a widening gap between list prices and actual sale prices, alongside a significant reduction in transaction volumes compared to high-growth corridors in the northern metropolitan region.
Email us hello@unityincommunity.org.za if you think this devaluation of property in our area can be arrested and reversed.