The allure of Eswatini property

While Eswatini (previously known as the Kingdom of Swaziland) is one of the smallest countries in Africa, it continues to attract foreign investment from all over the world.

The Seeff Eswatini branch has only been operative for a couple of years, but since opening its doors it has facilitated significant property transactions in all sectors of the property market.

Seeff has also had great success in commercial sales, a sector which has enjoyed excellent interest compared to some of the larger economies in Africa. Infrastructure development, good returns and improved confidence have all contributed to this and generally when priced correctly, commercial property would be snapped up quickly.

On average residential properties in Eswatini are typically priced higher compared to South Africa, even compared to exclusive suburbs such as Sandton and areas in Randburg for a variety of reasons. In part as the market was historically boosted by foreigners, embassies and professionals such as doctors and entrepreneurs who could pay a premium price as well as the absence of a functional competitive sectional title market that can offer an alternative to free standing title deed land.

Exponential growth and increased property prices, particularly in the Ezulwini Valley where limited supply and relatively high demand and willing cash buyers drove prices up resulted in a shift to other areas. Mukela and Umdoni residential estates for instance have seen increased demand as other areas of Ezulwini are priced out of middle-class markets.

Supply in the top end of the housing market is largely fuelled by downscaling, in part from sellers looking to downscale due to life stage and in part people downscaling because of financial pressure.

Opportunity for residential developments is mostly in and around Eswatini's major towns and gated community estates are on the rise. The Nkonyeni Golf Estate in Sidvokodvo, where Seeff has a satellite office, is a major success story, and proves the viability of further such developments.

Visit https://www.seeff.com/branches/eswatini/5782/ for Seeff’s range of property opportunities in Eswatini.