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What R5 million buys you in South Africa’s hottest seashore cities


A surge in ‘semigration’ has seen people of all ages flock to South Africa’s enticing coastal cities.

“Large numbers of remote workers or telecommuters have been leaving the cities in the wake of the Covid-19 pandemic,” notes Chas Everitt Southern Cape franchisee Charles de Kock, “and coastal towns are where they can enjoy a more restful, holistic lifestyle but still be close to a bigger urban centre with shops, medical facilities and good schools, are their main targets”.

De Kock mentioned that the true property group has seen an even bigger proportion of homebuyers in search of to turn out to be full-time residents as a substitute of vacation owners in coastal cities, and this has boosted property demand and underpinned costs in these areas.

Popular semigration locations typically have decrease crime charges, extra reasonably priced property costs, and a better high quality of life as a result of outside actions and entry to pure magnificence, mentioned Gus van der Spek, property developer and proprietor of retirement life-style property Whytham Estate in Cape Town.

Gauteng is the province with the best charge of individuals selecting to semigrate in 2021 (43% based on Lightstone information), adopted by the Western Cape and Mpumalanga at 13% and the Eastern Cape at 7%, van der Spek mentioned.

For first-time homebuyers, the Western Cape has remained probably the most most well-liked possibility since 2014, based on Lightstone.

“The Western Cape’s reputation for better-run municipalities also contributes to the region’s pull.”

Lightstone famous that these areas are the most well-liked for semigrants:

  • KwaZulu-Natal – Margate, Port Shepstone, and Ballito are the most well-liked locations for these relocating from Gauteng.
  • Eastern Cape – Port Alfred, St Francis Bay, and Kenton-on-sea are probably the most sought-after areas within the Eastern Cape.
  • Western Cape – As the most well-liked province to semigrate to, vacation locations throughout the Garden Route resembling Plettenburg Bay, Geroge and Hermanus have seen an uptick in semigration.

Here is what R5 million can get you in South Africa’s most wanted seashore cities:


KwaZulu-Natal

Ballito

  • four-bedroom home on the market in Zululami Luxury Coastal Estate
  • R4,875,000


Umhlanga

  • 3 Bedroom House for Sale in Umhlanga Rocks
  • R4,950,000


Durban


Eastern Cape

East London


Port Alfred


Kenton on Sea

  • 5 Bedroom House for Sale in Kenton On Sea
  • R4,850,000


Gqeberha


St Francis Bay

  • 4 Bedroom House for Sale in Marina Village
  • R4,995,000


Western Cape

Plettenberg Bay

  • 4 Bedroom House For Sale in Signal Hill
  • R4,850,000


Knysna


George

  • 3 Bedroom House for Sale in Wilderness Central
  • R4,500,000


Hermanus


Clifton

  • 1 Bedroom Apartment/Flat for Sale in Clifton
  • R4,900,000


Scarborough

  • 4 Bedroom House for Sale in Scarborough
  • R4,900,000


Langebaan

  • 6 Bedroom House for Sale in Myburgh Park
  • R4,950,000


Read: Good information for South Africa’s rental housing market



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