Property Prices Sky-rocket as Semigration to the Western Cape Reaches New Highs

Are you sitting all cosy and snuggled up, watching the winter winds blow in from the oceans across the Western Cape coastline, thinking about how change is a natural part of life? Not? Well, you’re about to.

Homeowners often make the mistake of seeing the ownership of real estate as the end of the journey, like an intergalactic mission that ends on the first alien planet it discovers. While there is nothing wrong with finding your dream home and settling in, the truth is that there is always a journey that is waiting for you if you want to embark on a new adventure.

And with the continued flood of semigrants flocking to the Western Cape to find their new adventure, the market is ripe for change.

The great semigration

With the great semigration to the Western Cape that has been picking up momentum over the past few years, the Western Cape property market is reaching new heights and creating an ideal sellers’ market for those who are looking to embark on a new adventure. Data compiled by Lighthouse Property has shown that 43% of Gauteng homeowners who sold their properties in 2021 bought new property in a different province (35% of whom moved to the Western Cape).

The trend over the past few years, especially since the pandemic hit our shores, has been to move away from the larger metropolitan areas (no matter the economic advantages) to spaces that support living instead of just surviving. South Africans are uprooting themselves from the crime-and-grime of Gauteng, fleeing to the scenic towns and cities of the Western Cape in order to embrace the quality of life the province has become known for.  

The best of both worlds

While the top destination for semigrants may be Mossel Bay (according to Lighthouse’s data), the Helderberg area (which comprises Somerset West, Strand and Gordon’s Bay) has become a hotspot for semigrants, offering easy access to Cape Town and Stellenbosch at more affordable prices than the larger city and town themselves offer. With the wonders of technology and remote work, these outlying residential areas are offering residents the calm and safety of small-town life with the benefits of big-city employment.

The great semigration has the property market in the Western Cape at a new peak, driving the demand and prices up to new highs and turning it into a very favourable sellers’ market. So if you are ready for your adventure to continue, for your great intergalactic mission to explore the further reaches of possibility, now is the time.

Get your property valuation today and start mapping your course to the future with Rocket Properties!