The semigration trend, which has seen affluent people and middle-income South Africans move to the Western Cape, started around mid-2013. This trend has seen a significant number of home-buyers relocating, further stimulating the property market in the Western Cape.
The average capital growth on sectional title apartments within Buh-Rein Estate currently equates to 13.52% p.a. which accumulates to a total of 67.6% or R1 004 636 over 5 years. (Source: Lightstone) The Atlantic Seaboard and City Bowl remains the areas where property prices are most inflated which takes these sought-after areas off the cards for first time home-buyers. There are numerous other areas which are doing exceptionally well in the greater Cape Town area. These properties are more likely to be priced within first-time home-buyers’ budgets. These better value properties also offer solid returns to investors who buy to rent.