Foreigners have invested in real estate South Africa

21.09.2010 18:09
Following the July FIFA World Cup in South Africa there are signs of reviving property market, reports news portal PropertyWire.

According to a development company Ronnie Matthews Estates, has increased the number of foreigners, watch his second home on the continent.

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Very popular among foreigners enjoy Cape Town, which is called the local Saint-Tropez. Here, as claimed, realtors, real estate, mostly to get to move here to live after retirement. Among the buyers is dominated by the British. Real estate prices near the famous beaches of Clifton, Bantry, and others range from 100,000 to 10 million dollars per facility.

The specialists interviewed by the publication, projected a further increase in demand for property, which may last 10 years. Interest in acquiring a second home they associate with economic growth in South Africa.
Content tags: Overseas property
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