for subscribers

'Semigration' the new emigration for some in SA

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Cape Town - The impact of the economic slowdown doesn’t appear to have affected the level of selling in order to relocate to other parts of South Africa just yet, according to John Loos, household and property sector strategist at FNB.  

"This begs the question as to whether 'semigration' has become the affordable alternative to emigration for some people," he said in comments on the latest FNB Estate Agent Home Selling Survey.

At 9% of total selling in the second quarter of 2016 survey, this estimate is slightly down from the prior quarter’s 10% estimate, but remains significantly higher than the 6% lows of the 2008/2009 recession period.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
16.30
(+0.22)
ZAR/GBP
21.35
(+0.44)
ZAR/EUR
19.30
(+0.30)
ZAR/AUD
11.57
(+0.30)
ZAR/JPY
0.16
(+0.23)
Gold
1916.80
(-0.23)
Silver
24.80
(-0.53)
Platinum
886.51
(+0.43)
Brent Crude
42.06
(-3.35)
Palladium
2379.00
(-0.23)
All Share
54991.87
(-0.64)
Top 40
50536.74
(-0.72)
Financial 15
10230.28
(+0.90)
Industrial 25
74305.86
(-0.36)
Resource 10
53564.11
(-1.62)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
27% - 45 votes
No, I did not.
48% - 81 votes
My landlord refused
25% - 43 votes
Vote