Blouberg property guide

The series of interest rate increases have finally begun to affect the local housing market visibly.

The demand from semigration buyers for property across the Cape continues at pace and it is unlikely that semigration to the Cape will lose steam, says Samuel Seeff, chairman of the Seeff Property Group. It may slow down, but only due to buyers being hamstrung by an inability to sell their houses elsewhere in the country.

Millennials are increasingly heading to the property market according to agents from the Seeff Property Group. Data from Lightstone confirms that this buyer demographic now comprises upwards of 30% to 42% of all property purchasers, especially in the main urban areas.