The seaside town in SA where property PRICES doubled in 5 years

The seaside town in SA where property PRICES doubled in 5 years

Property prices in one South African coastal hotspot have doubled in just five years. The average home now sells for close to R5 million – a figure that far outpaces the national trend. As reported by BusinessTech, this is fuelled by semigration, particularly during and after the Covid-19 pandemic, when demand for second homes and retirement properties drove prices ever higher. This surge has created one of the most expensive markets in the coun…

SA coastal town’s property prices double in five years

Property prices in a South African coastal hotspot have doubled over the past five years, with the average home now selling for nearly R5 million—well above the national trend. BusinessTech reports that semigration, especially during and after the Covid-19 pandemic, has driven demand for second homes and retirement properties, pushing prices higher. This increase has made the area one of the country’s priciest markets, second only to Cape Town’s…