Semigration driving economic growth in smaller South African towns
27 Feb 2023
According to Warren Aronson, Business Development Executive from Aucor Property, smaller South African towns, known as second tier cities, have seen a significant growth in the past few years. Not only do these cities offer more affordable living options, but they also provide better quality working environments away from the hustle and bustle of major urban hubs. With remote work becoming the norm in many industries, there's never been a better time to explore the possibilities of living and working in these phenomenal smaller cities.
Here are the richest areas in South Africa and prime property trends for luxury homes
01 Nov 2022
According to data from New World Wealth there are approximately 3 600 homes in South Africa that are valued at over R18 million (as of June 2022). By this measure, South Africa ranks as the 25th largest prime residential property market in the world, well ahead of the other countries in Africa and in line with big emerging markets such as India and Brazil.
Towns along the Garden Route offer a serene escape from the hustle and bustle of city life - and the pandemic has only increased a semigration to these towns.
Plettenberg Bay looks set for its third consecutive record-breaking year
27 Jul 2022
The Plettenberg Bay market remains on its upward trajectory, with 2022 looking to be another record-breaking year for this popular seaside town in the Western Cape as semigration continues to fuel an already buoyant market.