- The coronavirus pandemic has enabled more people to work from home.
- This has led to many making lifestyle choices and moving out of big cities.
- The Western Cape's Garden Route region and the town of Somerset West seem to have benefited from the 'semigration' trend.
The past year has seen an influx of property buyers heading from Gauteng to the Western Cape's Garden Route, as the coronavirus pandemic brought lifestyle changes like working from home.
This is according to RE/MAX Coastal agent Chris van der Merwe, who told Fin24 that many buyers have chosen to "semigrate" due to the work from home trend.
"In certain suburbs in Knysna, and within certain price brackets, there is now a shortage of family-sized homes priced for under R2.5 million," he said.
The semigration trend has shortened the time residential properties in popular areas are on the market, says Van der Merwe.
"If the home is priced right, we sell it within a week, especially for homes in Sedgefield. In this area, three-bedroom homes priced between R2 million to R2.5 million are in the highest demand," he says.
In the Knysna area, homes priced between R4 million and R5 million are the most popular within the Pezula Golf Estate. On Knysna's Thesen Island, homes priced between R6.5 million and R8 million fetch the highest demand.
However, he said, some sellers are still pricing their homes too high, in some cases 15 – 20% above the current average selling price.
RE/MAX CEO Adrian Goslett agrees, saying the upswing in demand means it's essential to price a home correctly.