Offering a convenient lifestyle, security and key services and amenities, Capri Village is the future of retirement living for the over 50s.
The demand for retirement developments continues to grow rapidly due to the increase in the life expectancy of adults worldwide. Recent statistics show that South Africans’ life expectancy has increased by a further four years. The global retirement market is expected to grow by $454-billion between 2021 and 2025, which is a strong indicator of a vibrant and discerning buyer’s market.
International and national trends in this sector further highlight the demand for lifestyle villages and secure community-based living. As a result, the traditional model for retirement villages no longer necessarily meets the needs of this market. Investors and mature buyers are looking for secure and convenient living within close proximity to key services and amenities – shopping facilities, outdoor fitness and wellness facilities – as well as green spaces and private gardens.
Coastal towns remain a favourite for retirees and empty nesters seeking a relaxing and fulfilling lifestyle. Trends in design and architecture indicate the demand for open-plan layouts and warm, functional spaces which can be customised to the occupant’s needs as they age. Healthcare access is also high on the priority list as well as pet-friendly spaces.
KZN-based award-winning development company, Devmco Group, considered both international and local trends when designing Capri Village. Situated on the KZN North Coast, construction of the first phase is nearing completion, with the second phase selling fast. “We paid close attention to the needs and wants of the modern retiree. Nowadays buyers want to downsize and simplify their lives, while remaining active and engaged in their communities, within close proximity to their families. That’s precisely why our multi-generational living option for people over 50 has been so well received. Security remains a top priority, and the Salta Sibaya estate, which Capri Village falls within, includes state-of-the-art security infrastructure and technology,” says Charles Thompson, Director of Devmco.
Adding even further weight to the value of this growing market, recent studies by Lightstone show that sectional title homes within a secure estate achieve a 31% price premium over homes sold outside of an estate. “The over 50s market is vibrant and full of life. We believe it’s an area that investors should be paying close attention to because the potential for growth is significant, and the demand for quality retirement developments is only set to increase. Whether you choose to buy and live or invest in property in Capri Village, we believe everyone can benefit from this growing market and reap significant rewards,” continues Thompson.
Capri Village is designed for convenient and easy living, catering to those looking to build their perfect life-long home. According to Thompson, they have selected specific facilities and services to meet the market demand. These include a clubhouse, gym, heated indoor swimming pool, library, and bowling green. Residents can enjoy independent step-free living, pet-friendly homes with private gardens, as well as discreet, professional medical services, state-of-the-art security and incredible estate facilities all within Salta Sibaya.
“To accommodate the needs of buyers, Capri Village offers both sectional title ownership and freehold ownership, allowing purchasers the flexibility to rent out the property and benefit from capital appreciation. The freehold ownership option allows investors to custom design their dream home according to their needs and preferences,” adds Thompson.
Located within South Africa’s fastest selling estate, Phase two of Capri Village has answered the market’s growing demand for a product catering to the key needs of over 50s. Stands and one-, two- and three-bedroom residences at Capri Village are currently available with starting prices from R1 295 000 for the land, and from R2 705 000 for homes.
FOR MORE INFO:
Call 087 550 1300 for more information or visit www.saltasibaya.co.za/#capri_village