Property Newsletter | March 2022
Bloemfontein shrugs of Covid with second successive year of increased property transfers
Rising property transfers reflect the relatively buoyant Bloemfontein market and confirms the upbeat telemetry data recorded from vehicle trips around shopping centres in South Africa’s judicial capital.
The data in both this article and our other article – Recovery in vehicle trips masks in behaviour – relates only to Bloemfontein and not Mangaung.
Bloemfontein: Transfers
Transfers were 6% up to 4 326 in 2021 from 4 084 in 2020, which itself was just over 6% up on 3 869 in 2019. Although transfers registered in 2019 were marginally down from 2018, the trend over five years is positive.
Sectional Title remains increasingly the property of choice for Bloemfontein purchasers, with 57% opting for Sectional Title homes in 2021, up from 55% in 2020 and 52% in 2019. Freehold is next with 38 in 2021, and Estates at 5%.
Bloemfontein: Transfers by property type
Percentage transfers by property type
Arrivals and departures
Most people (74%) moving to Bloemfontein in 2021 came from elsewhere in the province, with 7% arriving from Gauteng and 5% from the Western Cape. The picture is slightly di erent for those leaving Bloemfontein – 62% moved to another destination in the Free State, while 15% went to the Western Cape and 9% to Gauteng.
Did you know?
Bloemfontein is popularly known as the ‘City of Roses’, named for its abundance of roses. Every year, during October, the city hosts the annual Mangaung Rose Festival.
The Bloemfontein Orange is a hybrid tea rose named after the city.
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