Western Cape Property Market Set for Aggressive Growth
Category General Information
Western Cape Property Market Set for Aggressive Growth
In a recent article by Moneyweb it has become wide speculation that the South African municipal sector [aside from the Western Cape] is set to face certain collapse as a result of ongoing corruption, poor governance and general malfeasance, while 83% of the Western Cape received a clean audit according to a Western Cape Government public report issued in June, 2021.
As a result of this among other factors such as crime and political instability, semigration levels are at an all time high with the Western Cape coming out as a clear favourite for those seeking a safer and more functional environment for themselves and their families.
Over and above semigration and as a result of global uncertainties we are also seeing a surge in foreign investment currently sitting at around 20% despite us going into winter or the state of the South African economy which in spite of setbacks has recently grown by 1.9% for the first quarter of 2022.
Blouberg & Surrounds is by far one of the most appealing options, offering a wide variety of properties to choose from, from entry level properties for first time buyers or investors through to high end properties depending on budget and preference.
Sellers who are considering putting their property on the market are urged to take advantage of the current (and most favorable) market conditions given the uncertainties around the US economy as a result of inflation and how this could impact global markets in 2023.
Remember to choose a well established brand and full status agent with a strong sales track record and favorable client reviews when it comes to handing over your most prized possession to market and sell.
Author: Seeff Blouberg
