House prices continue to rise and listing times drop as ongoing semigration fuels the market in Cape Town's Southern Suburbs
04 Dec 2023
Since the revival of semigration in 2021, the surge in market activity in the Southern Suburbs has continued unabated with the steady rise in demand leading to a drop in the time properties are spending on the market as well as a declining gap between asking and selling price.
Activity within the South African property market has begun to cool down, largely owing to higher interest rates and an unstable electricity supply. However, some parts of the country seem less affected than others by the tightening market conditions.
Rental properties in the Southern Suburbs are increasingly popular as stock shortages loom
06 Feb 2023
Cape Town’s Southern Suburbs has long been a popular residential area, especially with families looking to live near good schools and amenities but a spike in demand in the fourth quarter of 2022 driven by semigration has further fuelled the market with stock shortages looming in many suburbs.