Semigration hits the Southern Suburbs property market
Category Cape Town Property Market
The Southern Suburbs property market has seen significant demand amongst a diverse range of purchasers in 2022, from first-time buyers to semigrants looking to relocate from upcountry. Predominant factors lending themselves to the area's popularity are proximity to top schools, general safety, cleanliness, and spacious accommodation options.
The Southern Suburbs lifestyle is also a significant pull factor for purchasers. Diverse restaurants, art galleries and upmarket deli's are just some of the area's premium attributes which add value to the area's lifestyle elements.
Given the need to make workplace adjustments due to the Covid-19 pandemic, many companies have moved to a work from home model. This shift has brought about significant demand for areas outside of Cape Town's CBD that offer value for money, space and lifestyle. Therefore, the Southern Suburbs area has been a beneficiary of this notable shift over the past 12-18 months with no signs of slowing.
Quay 1 International area specialist brokers have noted significant demand from purchasers looking to relocate from Durban, Port Elizabeth and Johannesburg in 2022.
With low inventory levels prevalent across the board, Quay 1 International Realty area specialist brokers have been experiencing high purchaser demand in all areas within the Southern Suburbs.
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Author: Quay 1 International Realty
