The emigration related property sales are at a decade high in South Africa, according to Pam Golding Properties.
The Residential Property Report said most of those emigrating are from Gauteng.
The report stated this contributes to the province’s weak housing market.
Pam Golding Properties Group CEO, Andrew Golding, said the increase to approximately 10% is the highest it has been in years.
Golding said people are also leaving Johannesburg in order to settle in other parts of South Africa.
He said, “those areas which are traditionally, mainly leisure markets are now becoming primary markets and the fundamental reason for this is about affordability.”
“Small town South Africa and leisure town South Africa has become a primary destination, I think with technology these days we’re also finding that people are able to conduct their businesses from different parts of the country as opposed to having to be in the major centres and that’s having a positive effect on pricing in those towns.”
In other news – Kelly Khumalo breaks – People want me arrested for Senzo Meyiwa’s death (Video)
“People want me to be found guilty of the murder of Senzo Meyiwa.” This is the view of singer Kelly Khumalo, who was Meyiwa’s side chick at the time of his death. A weekend newspaper ran a story saying she is part of a cover-up.
The newspaper claims Meyiwa was shot by accident by one of the people in the house at the time of his death. It’s also alleged that one of the case’s lead investigators withheld crucial evidence. continue reading