Big shift in South Africa’s housing market is good news for these types of home owners

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While Covid-induced boom in freehold prices fades, coastal properties continue to benefit, says property group Pam Golding

has re-emerged as everyday life more or less returns to normality,” said Dr Andrew Golding, chief executive of the Pam Golding Property group.

The index also shows that while non-coastal residential property price growth has slowed sharply to 4.8% in January 2022 , price growth of coastal homes remained steady at a robust 6.8% that month, revealing that the coastal price premium widened to over 2% for the first time since early-2018. “Apart from those seeking immediate or future retirement, a leisure property, or a more balanced lifestyle – including those with young families, due to its very nature coastal property has and always will enjoy a strong demand, particularly as many continue to be able to work from home in a preferred location.”

 

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