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 homebuyers 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 accumelates 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 homebuyers. 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 homebuyers’ budgets. These better value properties also offer solid returns to investors who buy to rent.