Cape Town has intrigued many South Africans with its beaches and landmarks, often prompting a move downwards from Gauteng, in hopes of trading crime and infrastructure problems for a sunny, relaxed lifestyle. However, they’re soon met with a different reality: much higher living costs, long commutes, and a crime rate of its own. Leading a significant amount of the hopefuls back to Jozi.
Stephen Grootes spoke to Jonathan Kohler, CEO of Landsdowne Property Group, about why Johannesburg is regaining its appeal, what the latest property trends reveal, and whether Gauteng is poised for a semigration comeback.
Kohler mentioned the popular misconception that Cape Town offers a safer and more laid-back living environment compared to Johannesburg. The movers end up facing a harsh reality check, especially regarding property prices.
“You know, you can rent a little one-bedroom apartment in the Fourways area in Johannesburg for R6000,” he said. “A comparable area in Cape Town, for example, like a Blouberg or Somerset West, you’re spending between twelve and thirteen thousand Rand a month for the same one-bedroom apartment.”
He also noted that Johannesburg’s problems, such as crime, are not isolated and are very present in Cape Town too, making the move south feel less justified for many who have semi-migrated. Those who move back seem to be accepting the city for what it is, instead of trying to escape its issues.
The Money Show with Stephen Grootes is brought to you by Absa CIB.
Thaaqib Daniels
www.ewn.co.za
