… we are a little concerned over future such occurrences. Should we still buy there? Are many KZN residents selling their homes to semigrate elsewhere?
A: While many may have considered relocating following the recent unrest in KZN, only a few have gone through with the decision.
As the emotion generated by the traumatic events settles down, many homeowners are reassessing their decisions. Cape Town has always been the premier semigration destination for people leaving KZN and, yes, we have seen an increase in KZN homeowners requesting market price assessments of their homes since the unrest.
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Interestingly, though, not all homeowners end up selling. The KZN North Coast has actually become a semigration area in its own right since the end of lockdown. While recent events will slow this trend initially, South Africa does have a way of pulling us all back in with her natural beauty and amazing quality of life.
The future growth of the KZN North Coast remains positive. – Grant Gavin, broker/owner of RE/MAX Panache