After the ruckus caused by the COVID-19 pandemic, more and more South Africans are looking for peace and quiet.
The great “coastal semigration” has seen countless South Africans ditch the hustle and bustle of the city in favour of a destination that can offer a high quality of life and calm with coastal towns such as Hermanus and Mossel Bay topping the list.
While Hermanus is certainly appealing, some property buyers are looking to keep things a little closer to home and are making their way back into Cape Town’s suburbs.
According to the Seef Property Group, agents are experiencing a shortage of properties to sell and rent out in many suburban areas across the Mother City as buyers continue to snatch up appealing properties.
Despite the soaring petrol and food costs, property prices across the Cape Metro appear to be staying steady as a large percentage of sales fall below R2 million with around 40% falling below R1.5 million.
As “affordability continues to remain a priority for buyers,” there are a number of standout areas in Cape Town.
Buyers are reportedly flocking to the Nothern Suburbs thanks to an abundance of beautiful surroundings, lush greenery, and walkability in the neighbourhoods, a huge appeal for buyers and tenants making their way from Johannesburg and Durban, reports Business Tech.
Following the Northern Suburbs, Thornton and Pinelands offer a more central option for buyers looking to be close to the CBD and Southern Suburbs without being too close. Despite a dip in buyers, these areas are still in good demand with not enough “stock” to go around.
Century City isn’t too far behind as renters enjoy the benefits that this area can offer them with unfurnished one and two-bedroom properties being the most appealing.
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Picture: Tulips and Phoenixes