Cape Town is proving popular with overseas property hunters, especially Brits, according to reports from Cluttons South Africa.
South Africa home prices improved marginally in June, increasing by one per cent, compared to the corresponding month last year, according to figures provided by property price index Oobarometer.
A growing number of international purchases are taking advantage of a buyers’ market in Cape Town, South Africa, where foreigners account for almost seven per cent of total sales...
Confidence is growing in the South African real estate market and the country’s inclusion this year in the BRIC group of major emerging markets is set to boost foreign investment.
The property market in the Western Cape region of South Africa was the only province in the country to record more property purchasers than sellers last year...
South Africa property prices are expected to keep falling in 2011, after recording an average decline of 1.3 per cent in January, according to the Standard Bank Group.
Property investors who purchased homes in South Africa with a view to cashing in on the rental opportunities that the 2010 football World Cup generated, could benefit from additional sporting events in the future, with construction work on the Soccer City Complex now underway.
Many estate agents in South Africa are confident about the sustainability of the South Africa property market post 2010 football World Cup.