Garden Route properties score as more 'semigrate' to work from home

accreditation
0:00
play article
Subscribers can listen to this article
The scenic Garden Route region is attracting more buyers from Gauteng.
The scenic Garden Route region is attracting more buyers from Gauteng.
iStock
  • 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. 

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Rand - Dollar
14.23
+0.5%
Rand - Pound
19.82
-0.4%
Rand - Euro
16.96
-0.1%
Rand - Aus dollar
10.72
-0.3%
Rand - Yen
0.13
+0.4%
Gold
1,783.08
+1.1%
Silver
26.00
+0.7%
Palladium
2,564.50
+3.9%
Platinum
1,054.01
+1.5%
Brent Crude
73.51
+0.6%
Resource 10
61,142
+0.3%
Industrial 25
87,978
+0.0%
Financial 15
12,871
-1.0%
Top 40
59,472
-0.1%
All Share
65,564
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Should government have assigned a majority shareholding in SAA to the private sector?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, It's a good decision
65% - 233 votes
Not a good move
10% - 34 votes
Too early to tell
25% - 89 votes
Vote