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Strong semigration push to W Cape, Gauteng

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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.

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