There has been a notable uptick in holiday home sales over the last two years and according to Samuel Seeff, chairman of the Seeff Property Group, coastal towns have been among the best performing areas, especially those along the Cape coast, but also the KZN South Coast.
The trend to favour the coastal lifestyle over the urban hustle and bustle remains strong long after peak pandemic activity has subsided. Demand for suburbs that offer a higher quality of lifestyle is likely to remain high for the foreseeable future.
Small town property sales boom as people leave the city
06 May 2022
Lightstone data shows that about 20% fewer people are now moving from cities to cities with more choosing to relocate to smaller towns, especially since the onset of the pandemic. According to the Seeff Property Group, more people are also purchasing second homes in small towns.