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: