Neighbourhood 29 MAY 2022
PROPERTY & LIFESTYLE
Dream
believers
Situated on KZN's north coast, one of the fastest growing nodes in South Africa, Zimbali Lakes takes luxury living to new heights. Here a sophisticated and secure lifestyle puts family and wellness first with all the modern conveniences expected from a premium development, page 4
2 KZN RESERVE'S REVAMP yourneighbourhood.co.za
8 VISA FOR RETIREES
10
LUXE MARKET REPORT
Connecting homeowners with great communities
11 PROPERTY NEWS
2
TRAVEL
29 MAY 2022
Luxury and
purpose Situated in the heart of Zululand, the five star mFulaWozi Wilderness Private Game Reserve reopens two luxuriously revamped lodges. WORDS AND IMAGES: SUPPLIED
V
isitors to the five star mFulaWozi Wilderness Private Game Reserve in Zululand can look forward to magnificent game viewing, delectable cuisine and beautiful accommodation. However, for founders and owner-managers Barry and Sonya Theunissen, preserving the rich Zulu culture and sustaining the area’s diverse wildlife are also top priorities.
Revamped lodges
Designed by architect Peter Whitehouse, mFulaWozi
PUBLISHED BY TIMES MEDIA PROPERTY PUBLISHING
Wilderness Private Game Reserve’s two newly revamped luxury lodges, Biyela and Mthembu, were hand-built by members of the local Mthembu and Biyela Zulu clans. With privacy and eco-luxury front of mind, decorator Michele Throssell designed the interiors around a modern apothecary theme, incorporating a variety of elements and materials such as wood, leather and brass to echo the natural surroundings and create warmth and authenticity.
Both lodges operate off the grid using solar power with water sourced locally and supplied via a filtration plant.
Luxury getaway
Biyela Lodge is named after local chief Phiwayinkosi Biyela, a descendant of King Shaka. Accommodation consists of 12 luxury standalone suites, all with private plunge pools – ideal as an exclusive bush getaway for couples.Built into the hillside, Biyela takes full advantage of the sweeping views across the
floodplains of the White iMfolozi River below. Mthembu Lodge, on the other hand, is situated on the banks of the river, offering seven luxury one-bedroom suites and two family suites with magnificent views of the wilderness. Proximity to the river all but guarantees wildlife sightings at Mthembu Lodge. Aimed at the discerning traveller looking for a truly authentic African experience, the lodge is
EDITORIAL TEAM
ADVERTISING SALES
Editor: Debbie Loots debbie@augmentcreative.com Sub-editor: Esther van der Vyver Designer: Samantha Durand Visit yourneighbourhood.co.za
Call us for advertising opportunities on 064 060 9427 Production (Editorial & Property Advertising): Lucea Goosen jhb@yourneighbourhood.co.za Online coordinator: Chantelle Balsdon chantelle@augmentcreative.com
29 MAY 2022
perfect for families, welcoming children from age 10, and offering quiet and exclusive accommodation. All suites have private decks with magnificent views across the landscape.
Untouched wilderness
The reserve comprises 16,000ha of pristine African bushveld of which 6,000ha have been incorporated into the Hluhluwe Imfolozi Park, the oldest proclaimed nature reserve in Africa. By eliminating the fences between the parks, large numbers of animals, including the Big Five, can roam freely, offering guests game drives with unparalleled sighting potential. Other wilderness experiences visitors can look forward to include bird-watching, guided walks and trails, and photographic opportunities.
Culture conservation
As one of the remaining bastions of the Zulu nation, mFulaWozi offers guests insight into Zulu history, culture, wilderness and local wildlife conservation efforts. Shaka Zulu conserved this land for eight months of the year to protect the endemic game, and the current custodians are following in his footsteps. Historians, academics and conservationists have long worked together in an effort to establish a sustainable ecotourism node such as this. Its purpose today is to continue protecting and preserving the wilderness and its communities for future generations. mFulaWozi is also championing a model for a sustainable socioeconomic development by engaging disadvantaged local communities in various initiatives and programmes.
TRAVEL
3
For the believers,
by the believers.
The highly anticipated release of Phase 3 will take place on the 11th June 2022
42 stands released | on average 1000 m2 stands from R4.5m to R6.9m
Live your Legacy at Zimbali Lakes Here’s to the believers, the visionaries and the game changers. To those that see the world as their oyster. To those that make a difference in this world we live in, that believe in an inspired life and appreciate the beauty that the fastest growing node in South Africa, the KZN north coast has to offer. Zimbali Lakes offers luxury living, a safe place for your family and pets, land to build your legacy on as well as endless choices to suit your lifestyle. The bustling retail piazza, family-focused facilities, a world-class 18hole golf course, serene green spaces and vast lakes mean that you can indulge your every whim, all within the safety and comfort of your secure environment.
State-of-theart 24-hour security
High Speed Fibre access to the home
Sports Club
15 minutes from King Shaka Airport
18-hole golf course
Easy access to all main highways
Beach Club
Walking paths, running and biking trails
Short drive to Ballito, Sibaya and Umhlanga
Pet friendly
Uninterrupted power supply
Bird hives and nature conservancy
Secure water zone
20 hectare lake and catch and release fishing lakes
Retail and convenience shops
Scan QR code for sales enquiries. Contact 087 095 2742 www.zimbalilakes.co.za
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ADVERTORIAL
29 MAY 2022
Retirement suite spots A growing demand for easy living among South Africa’s mature population sees affordable and secure apartment living in lifestyle retirement villages becoming increasingly soughtafter. WORDS AND IMAGES: SUPPLIED
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ock-up-and-go living is no longer just for the young and trendy. According to Phil Wilson of Evergreen Lifestyle, they have seen a growing demand for more affordable retirement accommodation along with lower maintenance lock-up-andgo living, and this has seen the company introduce hotel-style suites at their villages in Cape Town and Johannesburg. “In doing so, we offer residents all the benefits of living within one of our large and well-established retirement villages, along with the convenience, security, ease and affordability of apartment living,” he says.
No compromise
Change is always challenging, and the prospect of a significant change in lifestyle late in life can be particularly traumatic if it involves leaving a much-loved family home or relocating to a
new area. But opting for one of Evergreen’s modern, stylish suites need not mean compromising on quality of life. Residents can enjoy a stress-free retirement lifestyle second to none, free from the burdens of a larger home. “They can walk in our expansive gardens, work out in the gym, dine in our on-site bistro or even elect to have meals delivered to their apartments – a bit like room service in a hotel,” says Wilson.
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Cost efficiency and savings: Moving into a new energyefficient apartment that has been ergonomically designed to maximise space and light will save on utility bills.
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Financial peace of mind: Economies of scale mean that levies are transparent and affordable.
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Lock-up-and-go convenience: Ideal for those who like to travel or to visit family and friends abroad.
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Personal safety and security: Evergreen’s stateof-the-art security systems include access control, electrified fencing, CCTV surveillance and around-theclock foot and bike patrols.
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Superior health care: This includes discreet home-based health care, regular health
Why suites?
There are many advantages to opting for apartment-style retirement accommodation. These include: •
Affordability and value for money: With one-bedroom units at Broadacres available from just R900,000, retirement suites are ideal for single buyers or those retiring on modest pensions.
and wellness clinics, medical emergency assistance, palliative, frail and dementia care, occupational and physiotherapy and more. Evergreen offers both independent and assisted living suites. •
A stress-free lifestyle: Residents are free from managing the burdens that come with owning a large freestanding property – such as maintenance and repairs, security, gardening and insurance.
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Resort-style living: Residents have access to all that the villages have to offer – lifestyle centres with reading rooms and TV lounges, wellstocked libraries and games rooms, hair and beauty salons, fully equipped gyms, indoor heated pools, and beautifully landscaped gardens dotted with pathways and ponds.
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Social connectedness: Residents enjoy a sense of belonging that comes from living within a community of socially active retirees who get together regularly to play bridge, canasta, pool or boules; attend exercise classes; watch televised sports events and the like.
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High-speed internet connection: Suites are fitted with fibre to the home so you can livestream from Netflix and stay connected with family via email and Skype.
Gold standard
Magnificent views from Evergreen Broadacres' lifestyle centre
“Retirement should never be viewed as a lifestyle compromise. Instead, it is a golden opportunity to explore new hobbies, make new friends and experience the conviviality of a village lifestyle,” says Wilson. “Apartment living in Conte
29 MAY 2022
ADVERTORIAL
7
Spacious light-filled living area at Evergreen Broadacres one of our luxury estates puts this well within reach of retirees who might only have a modest retirement nest egg.”
Spacious and modern twobedroom, two-bathroom suites, all with large balconies, are currently available from R2.5m.
Evergreen Broadacres in the leafy northern suburbs of Johannesburg is one of the group’s most popular villages. The first development phase at Broadacres saw the construction of 130 freestanding houses, which are all sold out.
Both villages have beautiful lush gardens and state-of-the-art lifestyle centres, so residents have access to world-class health care, five-star hospitality and resort-style facilities that include upmarket restaurants and coffee bars, TV and reading lounges, entertainment areas and games rooms, well-stocked libraries, hair and beauty salons, fully equipped gyms and indoor heated pools.
A selection of move-in ready hotel-style suites are now available from R900,000. Evergreen Noordhoek sits at the southern tip of what is one of the most beautiful stretches of road in the world, on 16ha of gently sloping north-facing land overlooking the majestic Noordhoek Valley. Houses within this prestigious retirement village have always been in high demand, hence the recent introduction of 96 luxury hotel-style suites. Built over three floors, elevated above the village and backing onto the adjacent hilltop, these suites offer spectacular sea and mountain views.
Innovative market leadership
Innovation has always been part of the Evergreen DNA. The group was instrumental in pioneering life right – widely popular in developed countries such as the US, UK, Australia and New Zealand – in South Africa at a time when retirement accommodation was either rented out or sold on a freehold or sectional title basis. They were the first developer to design and build retirement villages that offered designer homes and the kind of resort-
style facilities one might expect from a luxury hotel or residential estate. And they were the first company to introduce a hospitality-based service culture, with hotel-trained village managers, concierge, personal shopping and tour planning services, professional chefs, fitness instructors, dieticians, beauticians and hairdressers, physio and occupational therapists, social and welfare counsellors and the like.
EXPERIENCE IT FOR YOURSELF Upcoming sales events: Evergreen Muizenberg May 27 at 2pm Evergreen Noordhoek June 3 at 10am Evergreen Broadacres June 9 at 10am To book your place or find out more about Evergreen’s luxury retirement suites, call Sharon on 087 808-7000, email info@evergreenlifestyle.co.za or visit www.evergreenlifestyle.co.za
Contemporary open-plan kitchen with upmarket finishes at Evergreen Noordhoek
Evergreen Noordhoek's light-filled, double-volume lifestyle centre
Bedroom with stunning sea views
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EMIGRATION UPDATE
29 MAY 2022
Panama City, Panama
Golden
opportunities Mauritius
Three countries South Africans can move to without buying property. WORDS AND IMAGES: SUPPLIED
R
esidence - and citizenshipby-investment (RBI and CBI) programmes are familiar to South Africans who don’t have ancestral ties to other countries but would like residency or citizenship in a European country, and access to visa-free travel anywhere in the EU. Unfortunately, these “golden visa” schemes are beyond the means of most South Africans. However, there are now much more affordable residency options opening up around the world, according to Leana Nel, head of international sales and relocations for the Chas Everitt group.
South Africans who would like to acquire permanent residency by applying for a “retirement visa” are Mauritius, Portugal and Panama. We look at the basic requirements for these countries in order to secure a retirement visa for permanent residency. Mauritius offers a 10-year occupation or residence permit to so-called retired non-citizens over the age of 50 who are able to open a Mauritian bank account and make an initial deposit of $1,500, followed by $1,500 a month (or $18,000 a year) for the duration of the permit. Authorities require evidence of deposits every year.
“The most popular are those generally termed ‘retirement visas’, which are aimed at people who have a certified monthly pension or annuity income sufficient to live on in the country of their choice,” she says. “Applicants can continue to work remotely and, unlike the current RBI and CBI schemes, they don’t have to buy real estate.” Considering the European Union Commission on Citizenship plans to phase out all CBI programmes by 2025, with stringent new rules in place for countries that continue to offer the RBI schemes, these retirement visas offer exciting options to people previously unable to consider such a move. Nel says the top three choices for
Porto, Portugal
After three years, those who hold one of these occupation or residence permits can apply for a 20-year permanent residence permit. You don’t have to buy property to get the initial retired non-resident occupation permit, and the spouse, parents and dependent children under 24 of permit holders can be included.
Panama offers the “pensionado visa” to applicants who have a guaranteed income for life of at least $1,000 per month, to be deposited into a Panama bank account. This can be a State pension, or a certified annuity from a bank, business or insurance company that has been accepted by the Panama Consulate.
Retired non-citizen permit holders can also invest in a business in Mauritius although they cannot manage the business, be employed by it, or draw a salary. There is no restriction on remote work.
Spouses and dependent children can be included in this visa, at an additional monthly income requirement of $250 per person. Children aged 18 to 25 need to be full-time students to qualify.
Portugal offers the D7 residency visa to retirees or income holders who want to live in Portugal and have sufficient passive foreign income to qualify. The D7 visa grants non-habitual resident status, which includes exemption from tax on certain foreign income and access to Portugal’s public health system. In addition, those with a D7 visa can, after five years, apply for citizenship or a Portuguese permanent residency permit valid for 10 years.
Once approved for a visa, applicants will immediately be issued with a temporary residence card and then, four to six months later, with a permanent residence card that is valid for life and gives them access to Panama’s public health system, as well as many other pensioners’ benefits.
Family re-unification can be carried out in terms of this visa, but requires an additional application and approval by authorities. Applicants need to open a Portuguese bank account and be able to deposit a minimum of €8,460 per person per year or €12,690 per couple per year to qualify for the visa. Although not required at first, applicants can buy property in Portugal if they want to, as long as they also have a rental agreement for at least 12 months. After this, their application will be considered by the Portuguese Consulate before they are granted a fourmonth visa to visit Portugal and finalise the residency process with the immigration authorities.
Helping hand
The assistance of immigration and relocation professionals is required – and often mandatory – to obtain any of these visas, as the paperwork is considerable. “Fortunately, we are connected to a global network of trusted legal, financial and real estate experts,” says Nel. “This is especially important when one is dealing with banking and other legal documentation such as a property lease in a foreign language. “In addition, we have more than 25 years’ experience helping people to relocate internationally and offer a turnkey service that encompasses everything from assistance with the compilation and processing of the necessary documentation to assistance with shipping, currency transfers, business establishment and tax matters. We also help our emigrating clients to sell their properties here.”
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HOT TOPIC
29 MAY 2022
Africa's leaders in
luxe hotels
According to Henley & Partners’ Africa Wealth Report 2022, South Africa is home to the largest luxury market in Africa. We look at its hotel sector and the destinations that top the list. WORDS AND IMAGES: SUPPLIED
T
he luxury hotel sector is one of the most important sectors in Africa as it brings in a large amount of forex spending to the continent. It also creates a large number of wellpaying jobs for local hoteliers, chefs, game rangers, waiters etc. Much of this income is seasonal in the form of tips.
The coronavirus outbreak has severely impacted this sector and hotel occupancy rates are down substantially in most African countries. A lack of international Luxury market visitors has forced many luxury hotels and lodges to lower their prices to appeal to the local
Africa Wealth Report 2022
Top safari lodges in Africa
Top safari lodges in Africa
The Africa Wealth Report’s top 10 safari lodge choices
Singita Sabora Singita Sabora Tented Camp Tented Camp Tanzania Tanzania
&Beyond &Beyond Klein’s Camp Klein’s Camp Tanzania
The Africa Wealth Report’s top 10 safari lodgefor choices 2022 arefor shown below (in no particular order). 2022 are shown below (in no particular order).
Londolozi Londolozi South Africa South Africa
Singita Mara Singita Mara RiverRiver Tented Camp Tented Camp Tanzania Tanzania
SanctuaryGorilla Gorilla Sanctuary Forest Camp Forest Camp Uganda Uganda
Sanctuary Chief’s Camp Chobe ChobeGame Game Lodge Sanctuary BotswanaCamp Botswana Chief’s Lodge Botswana Botswana
Tanzania
Cottar’s 1920s Camp Cottar’s 1920s Kenya Camp Kenya
&Beyond Bateleur Camp &Beyond Kenya Bateleur Camp Kenya
&Beyond Xaranna &Beyond Xaranna Okavango Camp Okavango Camp Botswana Botswana
Ratings criteria – these lodges score highly in the following • • • •
Ratings criteria – these lodges score highly in Reputation for quality and service the following Location, views and scenery Authentic bush feel • Reputation for quality and service Biodiversity: birdlife and wildlife experience • Location, views and scenery • Authentic bush feel • Biodiversity: birdlife and wildlife experience
population. South Africa is the main luxury tourist destination in Africa. Major South African destinations for wealthy people include Cape Town, Umhlanga, Franschhoek and the Kruger National Park area (especially Sabi Sands). Major destinations for HNWIs in the rest of Africa include Marrakech in Morocco, Cairo in Egypt, the Serengeti in Tanzania, Sharm El Sheikh in Egypt, the Masai Mara in Kenya, Livingstone in Zambia and the Okavango Delta in Botswana. Gorilla safaris in the Virunga Mountains in Rwanda and the
Bwindi Forest in Uganda are also popular. Popular hotel groups for HNWIs visiting Africa include Singita, &Beyond, Red Carnation, Sanctuary Retreats, Belmond, Wilderness Safaris, Virgin Limited Edition, Four Seasons and the Royal Portfolio.
South Africa is home to the largest luxury market in Africa by revenue, followed by Kenya and then Morocco. Major components of this include luxury hotels and lodges, cars, clothing and accessories, watches, private jets and yachts.
29 MAY 2022
PROPERTY NEWS
11
Joburg countryside estate booms Invest in a reserve in Tanzania According to Knight Frank’s Prime International Residential Index (PIRI 100), the average value of luxury residential property increased by 8.4% last year, with many wealthy buyers shifting their focus from urban real estate to larger homes with more outdoor space in different towns, provinces and often countries. In spite of tough economic times due largely to the pandemic, global wealth grew during the preceding two years, resulting in a 10% increase in High-Net-Worth (HNW) individuals worth more than $30m and, along with it, a spike in the demand for luxury real estate. “Initially, the pandemic stalled investment spending by these individuals, but since the easing of restrictions and the reopening of the property market, the uber-rich have been keen on investing,” says Grahame Diedericks, international liaison for Lew Geffen Sotheby’s International Realty and manager principal of the Midrand office. The 2022 Douglas Elliman and Knight Frank Wealth Report reveals that a large share of private capital
is being put into property, with private investors increasing real estate investments by 52% in 2021. “We are witnessing an increase in demand for homes that are not merely away from the hustle and bustle, but act as authentic retreats; remote properties where one can get away from it all, such as a unique development we are marketing in Tanzania at the moment,” says Diedericks. Situated on a private reserve of about 4,046ha, the Osero Safari Club offers discerning investors an opportunity to build their own ultraluxurious hideaway in a pristine location, complete with luxury amenities and services. “There are only 20 4ha lots available in this sustainable residential development and buyers are welcome to appoint their own architects if they prefer,” says Diedericks. “Design guidelines have been developed to ensure the integrity of the community and surrounding wilderness and properties will be run on sustainable energy sources.”
A number of full title freehold stands, plot-and-plan and sectional title opportunities are launching in Avianto Estate – a Northlands Property Group development which is home to an existing residential component, Le Jardin, comprising 115 freehold stands. Situated in Muldersdrift, the estate, with its sprawling lawns, indigenous trees and the Crocodile River flowing through it, offers residents a country lifestyle close to urban conveniences such as shopping centres, schools, hospitals and Lanseria airport. Developments to be rolled out here in the coming months include Verona – comprising 73 turnkey opportunities and 89 sectional title stands; San Donato – comprising 164 sectional title units; Valencia – a retirement village with assisted living facilities; Ardenza – 227 freehold stands; and Equestria, a development that will offer affordable equestrian living with stables, paddocks and horse trails.
available within the protected confines of the 300ha estate. These include picnic spots, a children’s play park, off-leash dog park, catch-and-release dams and hiking and biking trails. A well-appointed sports club, with tennis and squash courts and an outdoor gym, along with Pilates and yoga studios, inspires an active lifestyle. Construction of a heated indoor swimming pool and gym will commence next year. Various restaurants and a micro-distillery are also on the estate. The Avianto Estate Private School offers education to pre- and primary school children and is
within walking distance to homes here. No enrolment fees apply. An excellent security system, which includes security guards, is also part of the offering and investment in infrastructure and road upgrades will ensure the development is sustainable for future generations. Sustainability is a top priority with all the new homes encouraged to have plumbing structures which support grey water systems, with solar water heating, LED lighting and solar energy plants provided to all sectional title developments. Additionally, the estate has implemented a number of green living practices for residents, from recycling to the rehabilitation of the Crocodile River.
“Each of these developments offers buyers something unique,” says Leonhard Jonas, CEO of Avianto Estate. “There are homes for young families starting out and retirees wanting a lowmaintenance home that doesn’t sacrifice on aesthetics.” Here residents can enjoy a work-from-home lifestyle with numerous top-class amenities
Highlights from latest wealth report Henley & Partners’ New World Wealth Report 2022 reveals Africa’s most affluent cities and the increased popularity of lifestyle estates
Africa’s wealthiest cities named
The Henley & Partners Wealth Report 2022 recently reviewed the wealthiest cities in Africa by total private wealth. “Total private wealth” refers to the private wealth held by all the individuals living in each city, including all their assets (property, cash, equities and business interests) less any liabilities. Africa’s two wealthiest cities are in South Africa with Johannesburg the wealthiest, with total private wealth of $239bn and Cape Town in second place with total private
wealth of $131bn. Africa’s most affluent cities are: Johannesburg: Most of the city’s HNWI wealth is concentrated in the suburbs of Sandhurst, Hyde Park and Westcliff. Major sectors in the city include financial services (banks) and professional services (law firms and consultancies). Cape Town: The city is home to many of Africa’s most exclusive suburbs including Clifton, Bantry Bay, Fresnaye and Bishopscourt. Home also to a number of topend lifestyle estates including Steenberg, Atlantic Beach and Silverhurst Estate. Major sectors include real estate and fund management. Cairo: Located along the Nile River, Cairo is one of the world’s most important cities historically. It is also home to more billionaires than any other city in Africa. Major sectors include financial services, telecoms and tourism. Lagos: The largest city in Africa (in terms of its overall population) and the economic hub of West Africa. Affluent parts of Lagos include Ikoyi and Victoria Island. Major sectors in the city include oil, gas, transport and financial services.
Durban and Umhlanga: Figures for this area include wealth held in Durban, South Africa’s third-largest city, and the residential towns of Umhlanga, La Lucia and Ballito, north of Durban. Umhlanga is especially affluent and is home to a large number of HNWIs. Nairobi: Nairobi is the economic hub of East Africa and one of the fastest growing cities in the world. Affluent parts of Nairobi include Runda Estate, Lavington, Kitisuru, Karen and Muthaiga. Major industries include financial services, real estate, tourism, media, clothing, textiles, processed foods, beverages and cigarettes.
The rise of lifestyle estates
According to the report, lifestyle estate living is on the rise in Africa, especially among the wealthy. South Africa is a global pioneer in estate living and home to many of the world’s best lifestyle estates, including Val de Vie, Steyn City, Fancourt, Pezula and Steenberg. Estate living is also popular in Mauritius, especially among wealthy expats. Notable top-end estates include Anahita Mauritius, Mont Choisy Le Parc and the One&Only Le Saint Géran Private Homes.
Thanks to recent strong growth, luxury estate apartments in Mauritius are now among the most valuable in Africa, with prime prices reaching as high as $5,000 per square metre, similar to prices in exclusive Clifton and Bantry Bay. Estate living is also starting to take off in several other African countries including Morocco and Egypt. Reasons for its rising appeal across Africa include security and privacy (access gates and private security personnel), lifestyle and community (large open spaces, communal leisure facilities, children’s playgrounds and schools), facilities (on-site gyms, spas, golf courses, horse riding, tennis, cycling, fishing and jogging paths) and limited and controlled traffic (ensuring greater safety for children).
that have apartments. In line with this, most new luxury estate developments in South Africa focus on apartment living rather than investing in houses. There is a general movement away from traditional golf estates and rather towards wildlife and parkland estates. Retirement estates (for over 60s) are also becoming more popular. Most developers are now creating small neighbourhoods within their lifestyle estates, as opposed to the old model where houses were spaced evenly around the entire property. The new model allows for more parkland and open spaces between neighbourhoods.
Recent lifestyle estate trends in South Africa
Lifestyle estates with parklands and wilderness areas have also become more popular.
This percentage has been rising steadily over the past decade – in 2011 it stood at about 30%. Affluent buyers in South Africa are increasingly moving towards estates
Many HNWIs have chosen to work remotely and live in smaller towns. For instance, a large number of South African HNWIs are now working remotely from affluent small towns such as Hermanus, Plettenberg Bay and Franschhoek. Lifestyle estates in these towns have benefited.
Based on the latest estimates (for June 2021), 48% of South African HNWIs either live in or have second homes on lifestyle estates.