NATIONAL NEWS - Mossel Bay is the number one destination in the Western Cape for people moving out of Gauteng.
This is according an online article by Business Tech, which refers to a presentation by data analytics company, Lightstone Properties.
The second most sought-after destination in the Western Cape is Milnerton in Cape Town and the third, Cape Town itself.
More and more Gauteng residents were leaving dysfunctional, bankrupt municipalities to live in the Western Cape, which statistically, is home to the municipalities which achieve the most acceptable financial audits annually.
Mossel Bay has been rated the best municipality in South Africa by an independent ratings agency a number of times and it has also received awards for being the most environmentally friendly municipality.
Semigration is a term used for people leaving one province to go to another province.
The Business Tech article notes that most people moving from Gauteng are in the 49 to 64 age group, and most of that group are moving to the Western Cape.
The 36 to 49 age group makes up the second-largest category and again the Western Cape is the preferred destination.
Interestingly, 46% of buyers moving to the Western Cape are more likely to move to a new property of greater value and smaller size, while 34% will downgrade size and value and 20% will upgrade the size and downgrade value, Lightstone says.
Read more on sister publication, Mossel Bay Advertiser
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