Cape Town lost its spot as the top performing metro in South Africa, with Nelson Mandela Bay outperforming most metro markets since mid-2019 - and subsequently the Mother City too since January 2020 - largely due to ongoing semigration to the coast.
This is the word from Dr Andrew Golding, Chief Executive of the Pam Golding Property group, who says the ability to WFH made it feasible to consider suburbs and towns that had previously been too far from schools and the workplace, but which typically allowed homeowners to buy larger, more affordable freehold homes, which in turn saw a temporary pause in the long-term structural shift in the national housing market towards sectional title homes.
Positively, the residential property market remained robust during the first half of 2021 – both in terms of price growth and activity levels. The total number of sales recorded during the first half of the year - approximately 128 000 units - is the highest sales number recorded during the first six months of the year over the past five years. This shows surprising resilience in the national housing market, despite the economy struggling to recovery from the worst recession in a century.
SEE: Semigration gone wrong! Don't let your dream move turn to dust
"It takes time to recover financially and, nationally, nominal house prices increased by 3% year on year in September 2021, slowing gradually from the pandemic peak of 5.1% in April 2021, according to FNB data. We expect this same sluggishness in 2022," says Paul Stevens, CEO of Just Property.
"Looking ahead, there is real growth potential for landlords who invest in systems and properties linked to sustainability (for example, ensuring the availability of water and the production of energy)."
In terms of areas, Golding recommend focusing on coastal cities and towns.
"These are the areas that have seen better performance from a property value perspective, and demand remains strong due to many people semigrating to the coast. In the Eastern Cape, Port Elizabeth, Jeffrey’s Bay and St Francis Bay are enjoying unprecedented growth in numbers of people relocating and looking for that coastal quality of life."
SEE: Tropical Escape | Affordable family homes in KZN South Beach under R4m
If comfort for the whole family is what you looking for, look no further than these beautiful family homes in Nelson Mandela Bay…
1. Nature lover’s paradise in Kragga Kamma for R2.75 million
If living with free-roaming wildlife on your doorstep appeals to you, then this is for you. Located on the Kragga Kamma Road, 15 minutes from town, this home offers a Balaue pool deck, beautiful features and finishes and a living room flowing effortlessly to a covered patio with braai area and lush views.
Click here to view.
2. Breathtaking entertainers dream home in Winterhoek Park for R2.95 million
Be prepared to be blown away with this stunning home on a 2 477sqm plot. The home offers four bedrooms and bathrooms, a spacious kitchen, games room with a built-in bar and balcony overlooking pool and lapa area.
Click here to view.
3. Comfort living in Kragga Kamma for R2.35 million
This stunning large family home offers spacious living areas, four bedrooms, three-and-a-half bathrooms, an executive study, undercover braai area, solar panels and koi pond.
Click here to view.
4. Contemporary living in Kamma Heights for R2.295 million
Situated in a cul-de-sac, this tasteful three-bedroom, two-bathroom home is a must to view. It has a patio, pool, deck, landscaped garden, undercover braai area and fire pit.
Click here to view.
5. Enjoy precious family moments in Manor Heights for R2.499 million
This modern family home in Despatch offers four bedrooms, three bathrooms fitted with aircon, wooden blinds, various braai areas, a pool and bar.
Click here to view.
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