Overlooked regions gaining ground on Western Cape’s property dominance
Move over Western Cape as ooba Homeloan data shows Mpumalanga, the Eastern Cape and Gauteng South and East are enjoying their moment in the sun.
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Move over Western Cape as ooba Homeloan data shows Mpumalanga, the Eastern Cape and Gauteng South and East are enjoying their moment in the sun.
Ten small towns have enjoyed excellent price growth over the last 5-10 years, benefiting from semigration and second home buyers.
Despite persistent difficulties with service delivery and serious water shortages the Eastern Cape now prevails as the top contender, in terms of property price growth, among the major regions in South Africa’s residential property market.
Property practitioners should take cognisance of the shifts in the housing market since the start of the Covid 19-pandemic as this could trigger increased sales.