South Africa’s semigration trend, where residents split their time between rural and urban homes, is fuelling robust investment prospects in Pretoria’s property market. At the heart of this movement are desires for a superior quality of life, heightened safety, and the flexibility afforded by remote work – elements that are increasingly prioritised in today’s fast-paced world.
“Semigration has gripped South Africa over the past decade as more families embrace hybrid lifestyles blending countryside and city living,” explained Pearl Scheltema, CEO at Fitzanne Estates, a real estate agency in Pretoria. “We’re witnessing a substantial influx of semigration buyers seeking pied-à-terre properties in Pretoria to complement their primary rural residences.”
Statistics from TPN revealed Pretoria has seen an 18% year-on-year increase in semigration buyers entering the market since 2021. Major metros like Cape Town, Johannesburg and Pretoria have been cited as both sources of outbound semigration but also recipients of inbound semigration demand.
A recent Lightstone report revealed semigration buyers from Gauteng comprised over 22% of total coastal home purchases in 2022.
Certain Pretoria suburbs emerge as hotspots for semigration investments, marrying lifestyle benefits with promising returns. Areas like Waterkloof, with its leafy avenues and luxury estates, and Silver Lakes, renowned for its secure lifestyle estates, offer diverse property options. From modern apartments for the young professional to expansive family homes, each provides unique opportunities for rental income and capital growth.
“Pretoria’s unique strengths as South Africa’s administrative capital have underpinned its popularity among semigrants,” noted Scheltema. “Our city offers an exceptional quality of life with top-tier schools like Pretoria High and healthcare facilities like Jacaranda Hospital, coupled with a diverse array of properties from leafy estates to urban apartments.”
While coastal regions have also benefited from the semigration trend, Pretoria’s property market fundamentals remain exceptionally strong. “Over the past year, we’ve seen a 13% increase in average home prices and an 8% rise in sales volumes,” stated Scheltema. “Inventory levels are up as well, indicating consistently high demand.”
Investors and prospective buyers are advised to consider several factors when evaluating these opportunities. The potential for rental yield, capital appreciation, and the property’s alignment with lifestyle aspirations are paramount. Understanding local regulations, the process of buying property, and identifying up-and-coming areas are critical steps towards making informed decisions.
For investors eyeing Pretoria, Fitzanne Estates recommends capitalising on these favourable dynamics and making use of the services of a real estate agent in Pretoria. “Their intimate knowledge of the city allows them to pinpoint properties perfectly suited for rental income or capital appreciation.”
With remote work catalysing semigration nationwide, Pretoria is poised for continued investment interest. “The city’s lucrative opportunities combined with its inherent advantages make 2024 an opportune time for property investments that deliver steady cash flow and impressive long-term gains,” Scheltema concluded.
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Media contact: Cathy Burroughs, +27 82 222 9198, marketing@fitzanne.co.za https://www.fitzanne.co.za/
More about Fitzanne Estates
Fitzanne Estates (Pty) Ltd is a Property Management Company that can sufficiently administer your property investment to the benefit of the Landlord, the Body Corporate, and the NPC – Non-Profit Company. Services include Letting, Sectional Title Management, Full Title Management (NPC – Non-Profit Company) and Sales.
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