Weekend Argus (Saturday Edition)
CITY LIFE COSTLY RURAL CHEAPER
IN TOUGH economic times people may be more inclined to move from city life towards simpler – and more affordable – lifestyles.
One of the end goals is to be free of debt, says Mike Greeff of Greeff Christies International Real Estate.
“There is greater value for money on offer in smaller towns. You can sell for an amount in the city, buy a home of the same size and condition in one of the smaller towns and still be able put some money in your bank account.
“Smaller towns are also becoming more ‘first-world’ with better access to amenities.”
He says technology plays a pivotal role in the way goods and services are delivered to residents of smaller towns.
“The appeal of good work-life balance is always a driving factor, as is the thought of belonging to a community.”
Echoing this, Chris Cilliers of Lew Geffen Sotheby’s International Realty says those who can work remotely often leave the cities for more rural areas during tough times.
“Generally they like a travelling distance of around an hour from a major city. There has, however, been some movement to the Garden Route, which has great access to George airport, meaning that a short flight delivers you to Cape Town or Joburg.”
However, Dawn Bloch of Lew Geffen Sotheby’s International Realty, says people are more likely to gravitate towards cities in search of employment/ greater business opportunities during weak economic times.
She believes the wave of people leaving for the countryside is more lifestyle related, where peace and tranquillity away from the hustle and bustle of city life is desired.
“This is especially true for retirees, emptynesters and people who can work from home remotely.”
Richard Hardie of Knight Frank SA also does not believe people are more inclined to move out of cities during tough economic periods.
“I think people are more inclined to spend less and make their life simpler, but to do this where they are at.”