JOHANNESBURG – There has actually been a boost in semigration from Gauteng to seaside locations around the nation.
The pattern has actually resulted in a lack of property systems in parts of the Western Cape and raised home rates.
Much better still, the home sector along the coast is anticipating the ultimate drop in rates of interest to increase activity in the market even more.
John Loos, Senior Economist for Commercial Property Finance at FNB, describes that as the Western Cape ends up being more congested and more pricey – individuals will transfer to other seaside locations.