Globally, people are prepared to pay a premium for properties in suburbs that have good schools, says Gareth Bailey, Pam Golding Properties area principal for Durban Coastal.

Named after a particularly verdant valley in the hills to the west of Johannesburg, the suburb of Florida started life as a mining camp just after the discovery of gold in the 1880s and, like many parts of the city, has had quite a chequered history.

Nexus Property Group to auction entire block of flats in Florida and retail property situated in Edenvale on 09 April 2014.