Property boom in KZN

GROWTH: NOW INVESTMENT POWERHOUSE

- Terri-Ann Brouwers

KwaZulu-Natal (KZN) is emerging as one of South Africa's fastest-growing investment regions, with billions of rands in property and infrastructure projects positioning the province as a rising powerhouse across multiple sectors.

According to the province's department of economic development, tourism and environmental affairs, more than R75.8 billion in new developments and manufacturing investments was pledged during the 2024 KwaZulu-Natal Investment Conference, with 80% already under construction. The 2025 edition, taking place later this month, aims to attract a further R95 billion in commitments.

Wesley Cowan, managing director of Galetti Auction, says the surge in development marks a turning point for the province. "KwaZulu-Natal has always been a popular holiday destination ... but it has ultimately been overlooked alongside Gauteng and the Western Cape. This is now changing."

Investment momentum across sectors

KZN's property boom is being driven by a combination of lifestyle migration, logistics expansion and affordability.