More and more Joburgers moving to Cape Town to settle

Semigration simply means people moving from one part of the country to another in search of a better quality of life.

According to reports, Cape Town's housing market has been flourishing in recent months with more and more family’s moving to the Western Cape.

About 20 - 30% of buyer inquiries are attributed to people from Pretoria and Johannesburg looking to make a move to Cape Town, says Ian Slot, MD of Seeff Atlantic Seaboard.

He says the demand is increasing but it becomes a problem for those who can't afford it.

Johannesburg buyers are prepared to pay prices significantly above 20 - 30 million for property in Cape Town.

Ian Slot, MD of Seeff Atlantic Seaboard

Slot says Cape Town on its own makes it more appealing for people to want to move because there's lots on the go.

Construction is booming in Cape Town since before the 2010 Soccer World Cup and still continuing, says Slot.

If you buy in the right area the rising tide boosts everything...

Ian Slot, MD of Seeff Atlantic Seaboard

Listen to Managing Director of Seeff explain why most people are moving to Cape Town:


This article first appeared on CapeTalk : More and more Joburgers moving to Cape Town to settle


Recommended

by NEWSROOM AI
Read More
Compliance Certificate: Your legal obligations when buying or selling property

Compliance Certificate: Your legal obligations when buying or selling property

Experts explain what to do if your certificate of compliance for electrical installations was not properly issued.

[LISTEN] Zille in ANOTHER Twitter spat about colonialism

[LISTEN] Zille in ANOTHER Twitter spat about colonialism

Western Cape Premier Helen Zille has been involved in another twitter debate on the issue of colonialism.

LISTEN: How to successfully do business in Africa

LISTEN: How to successfully do business in Africa

Kerry Petrie discusses Silicon Cape's involvement in the Africa Arena Conference.

How to properly plan for family travel

How to properly plan for family travel

Taking a short-left or headed to tropical shores somewhere overseas? Here's what to consider before jetting off with the family.

Cape Town listed best value long-haul destination by UK report

Cape Town listed best value long-haul destination by UK report

There's something to enjoy for every traveller in Cape Town budget or luxury, as city continues to sweep up tourism awards.

29 WC beaches awarded Blue Flag status (and why this matters)

29 WC beaches awarded Blue Flag status (and why this matters)

At least 45 beaches will fly the Blue Flag in South Africa, with 10 of them in Cape Town and another 19 from across the province.

Popular articles
I was not introduced to Ajay Gupta - Grootes

I was not introduced to Ajay Gupta - Grootes

Stephen Grootes says he believes former Eskom CEO Brian Dames when said he was not formally introduced to the Gupta family.

Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

WATCH: Zuma denies crisis at Sassa, won't evaluate isiphithiphithi (chaos)

WATCH: Zuma denies crisis at Sassa, won't evaluate isiphithiphithi (chaos)

Zuma says he cannot be expected to act against Minister Bathabile Dlamini on social grants matter now before the ConCourt.

Divided views on impact of minimum wage on economy, unemployment

Divided views on impact of minimum wage on economy, unemployment

Deputy President Cyril Ramaphosa announced that the minimum wage of R20 per hour is expected to be implemented by May 2018.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...