News Formal

House sales: Semigration growth much stronger than emigration | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 80%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Semigration – where South Africans move between provinces - has overtaken emigration as a key driver for house sales in SA's largest metros, according to property data compiled by FNB. | News24_Business

Semigration – where South Africans move between provinces - has overtaken emigration as a key driver for house sales in SA's largest metros, according to property data compiled by FNB.

Emigration-triggered property transactions, meanwhile, fell from around 18% of sales in 2019 to an average of 9% this year. Purchases of houses by foreigners have also dipped. While SA's weakening rand has made the country an attractive value proposition, sales have fallen to 3% of total volumes, lower than the long-term average of 4.2%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Transform your business with Microsoft’s range of Data and AI solutionsMicrosoft offers a range of Data and AI solutions that can help businesses transform their data into insights and actions.
Source: mybroadband - 🏆 11. / 67 Read more »