South Africa
South Africa enjoyed a brief property boom in the early part of this decade but that has now slowed due to raised interest rates. This is a contributing factor in many analysts recommendations that now is a perfect time to purchase property in carefully selected growth areas which will result in maximum benefit from lower purchase prices.
South Africa is widely held to be one of the most naturally beautiful countries in the world offering perhaps the widest range of natural attractions in the world. For property investors there are many benefits that bear closer investigation. The low rate of exchange between the rand and major currencies of the world mean that property purchasers are able to buy much more for their money.
The commercial property market is out performing many markets in western countries and the government has implemented many attractive tax breaks for investors and developers. Further there is a shortage of housing in certain key areas and this is fuelling a growing demand for rental properties.
Overall there are many factors that make South Africa a very attractive investment environment. At present we are investigating several proposed developments in South Africa and upon the conclusion of our due diligence we feel confident that we will be able to offer our clients a selection of choice opportunities in the country.
