Strong semigration push to W Cape, Gauteng

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

Cape Town - So-called "semigration" to the Western Cape from other parts of the country is going full steam ahead, John Loos, household and property sector strategist at FNB, told Fin24 on Thursday.

It mostly consists of mid- to high-income skilled people, who are already established in their career.

"The estate agents taking part in the FNB Estate Agent Survey indicated a strong semigration in the direction of Cape Town. It normally includes a significant number of retirees, but the biggest portion still comes for work," said Loos.

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
USD/ZAR
14.06
+0.1%
GBP/ZAR
19.72
+0.3%
EUR/ZAR
17.13
+0.2%
AUD/ZAR
11.05
+0.2%
JPY/ZAR
0.13
+0.1%
Gold
1,831.32
0.0%
Silver
27.45
0.0%
Palladium
2,929.64
0.0%
Platinum
1,256.50
0.0%
Brent Crude
68.28
+0.3%
Top 40
62,573
+1.4%
All Share
68,520
+1.4%
Resource 10
71,474
+2.1%
Industrial 25
86,856
+0.9%
Financial 15
12,711
+1.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1388 votes
No, I did not.
52% - 3467 votes
My landlord refused
27% - 1840 votes
Vote