Semigration is growing in this Western Cape area at a rapid rate

The Bloubergstrand/Milnerton property market has been significantly boosted by the ‘semigration’ trend, with 38% of recent sales (around 1,400 transactions) driven by buyers relocating from other provinces.

Over the past year, property sales in the area totalled R8.2 billion, highlighting the demand from semigrants, particularly those moving from Gauteng. This influx is contributing to rising property values and a strong rental market.

• Semigration Boosts Blouberg Property Market: 38% of property transactions in Blouberg/Milnerton are driven by semigration buyers, totaling R8.2 billion in sales.
• Blouberg's Luxury Property Market Expands: Blouberg now attracts high-end buyers, with properties in Big Bay, Bloubergstrand, and Parklands North selling for up to R11 million.
• Strong Rental Market and Value Opportunities: High rental demand and significant capital growth make Blouberg attractive, with 69% of sales still under R3 million.

Luxury and Value in Blouberg

Blouberg is increasingly attracting high-end buyers, with luxury homes in areas like Big Bay, Bloubergstrand, and Parklands North selling for up to R11 million. New developments are catering to this demand, with prices for high-end homes ranging from R4 million to R8 million.

However, the market still offers excellent value, with 69% of transactions under R3 million, and about 42% under R2 million, making it attractive to a wide range of buyers.

Strong Rental Market and Capital Growth

Blouberg’s property market has proven lucrative for investors, with average property prices doubling over the past decade. The area’s strong rental demand, particularly for residential and holiday properties, has provided excellent returns.

With its coastal lifestyle, ample amenities, and proximity to top schools, Blouberg continues to be a sought-after location for both property buyers and renters, further fuelled by the ongoing semigration trend.