{"id":549054,"date":"2022-01-08T08:30:14","date_gmt":"2022-01-08T06:30:14","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=549054"},"modified":"2022-01-07T15:01:37","modified_gmt":"2022-01-07T13:01:37","slug":"more-gauteng-residents-are-semigrating-to-the-western-cape-heres-where-they-are-moving-to","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/549054\/more-gauteng-residents-are-semigrating-to-the-western-cape-heres-where-they-are-moving-to\/","title":{"rendered":"More Gauteng residents are semigrating to the Western Cape \u2013 here’s where they are moving to"},"content":{"rendered":"

Gauteng residents and semigrants from other South African provinces are buying more properties in the Western Cape, a presentation from data analytics group Lightstone Properties shows.<\/p>\n

The presentation on semigration \u2013 when a buyer sells a property and purchases a new one in a new province \u2013 also assessed who is moving and why.<\/p>\n

“We are seeing a substantial increase of homeowners moving out of Gauteng \u2013 despite it being South Africa\u2019s economic centre \u2013 an increase from 39% in 2019 and 2020 to 43% in 2021, the highest it has been in the last seven years,” Lightstone said.<\/p>\n

“Most people are moving to the Western Cape, up to 35% in 2021 from 31% in 2020. The numbers were even higher at 36% in 2016 and 2017. For Gauteng, its declining popularity is evident in this data too \u2013 whereas in 2015, 29% of semigrants were moving to Gauteng, this had dropped to 27% in 2020 and to 21% in 2021.”<\/p>\n

Lightstone’s data also shows there has been an increase to the Eastern Cape from 7% in 2015, to 9% in 2021, while KwaZulu-Natal has dropped marginally from 14% in 2015, to 13% in 2021.<\/p>\n

What\u2019s driving semigration – and where are people moving to?\u00a0<\/strong><\/p>\n

The trend towards moving from metropolitan areas to smaller and larger towns or Cape Town \u2013 South Africa\u2019s second-largest metro \u2013 can mostly be attributed to a move away from crime-and-grime and towards a slower, safer, quality lifestyle in the small to large towns, Lightstone said.<\/p>\n

Semigrants are also attracted to the fact that municipalities are typically better run in the Western Cape than in other parts of the country.<\/p>\n

\"\"<\/a><\/p>\n

The data shows that Mossel Bay is the top destination for semigrants to the Western Cape, followed by the seaside suburb of Milnerton and the city of Cape Town itself.<\/p>\n

While the numbers of people moving to Gauteng are relatively high, they are less than those leaving. for the Western Cape, more people are arriving than leaving, Lightstone said.<\/p>\n

\"\"<\/a><\/p>\n

The data shows that most people moving from Gauteng are in the 49-64 age group, and most of that group are moving to the Western Cape. The 36-49 age group makes up the second-largest category and again the Western Cape is their preferred destination.<\/p>\n

Notably, 46% of buyers moving to the Western Cape are more likely to move to a new property of greater value and smaller size, while 34% will downgrade size and value and 20% will upgrade the size and downgrade value, Lightstone said.<\/p>\n

\n

Read: France removes South Africa from scarlet red list<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The presentation on semigration \u2013 when a buyer sells a property and purchases a new one in a new province \u2013 also assessed who was moving and why.<\/p>\n","protected":false},"author":10,"featured_media":474806,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[26,11623],"class_list":["post-549054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-headline","tag-lightstone-properties"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/549054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=549054"}],"version-history":[{"count":11,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/549054\/revisions"}],"predecessor-version":[{"id":549406,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/549054\/revisions\/549406"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/474806"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=549054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=549054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=549054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}