Menu
 
 
 

WC farmers considering moving to towns amid sluggish economy, land expropriation

Featured

Farms - [Google Images] Farms - [Google Images]

Some farmers in the Western Cape are considering buying houses in town instead of staying on their farms.

This is according to estate agents in the Boland, who say the property market has slowed somewhat compared with last year.

They say the sluggish economy, with growth of about 1.3%, has also had a hand in slowing the property market.

However, agents add that there is uncertainty about a proposed change in the constitution which may lead to expropriation of land without compensation.

Engel Volkers estate agent Maggie Smit says more farmers are buying houses in the town for safety.

"I think there's a little bit of a panic with farmers in the area."

 


 

EWN

back to top

Industries

About us

Follow us

Follow us @BusinessNewsCT

BusinessNewsCT High-tech connection solutions by Lapp https://t.co/wsFIY9V0aU https://t.co/KK9JPncbeT
21hreplyretweetfavorite
BusinessNewsCT Competition time! Don't forget to sign up for @ConnexionZone's competion where you stand a chance to win a R45 000.… https://t.co/4lwc62Px5q
21hreplyretweetfavorite
BusinessNewsCT Load-shedding risk increases as coal stockpiles drop https://t.co/sTK9wQy98q https://t.co/Tp07CCbpes
21hreplyretweetfavorite