Property Barometer – Inter-provincial repeat home buyer migration trends

The Western Cape continues to far outperform the other 8 provinces in terms of its ability to attract repeat home buyers from other provinces and retain its own.

Given that many people vote with their feet, studying migration patterns between regions in South Africa can provide a good indication of household perceptions towards regions, perceptions of economic opportunity, lifestyle or other factors. Deeds Office data offers us the opportunity to gain an indication of a region’s attractiveness by trying to quantify the migration of repeat property buyers between regions, in this case between provinces.

Read more here: FNB Property Barometer_Property_Repeat_Buyer_Migration_April_2016