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Published
January 2004
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International Demand For Real Estate BoomingSouth Africa is experiencing it's most stable period in real estate for 30 years, with average year-on-year growth rate of 9 to 10 %. As a result of depressed first world economies, South Africa's growing globalisation and favourable exchange rates, the country's real estate options are generating international interest, There is a particularly high demand for investment properties that yield rental income, such as golf estates and lifestyle developments, affording a high return on investment. Foreign
buyers seem to favour properties on the KwaZulu - Natal north coast,
beachfront homes in Cape Town and homes in areas like Constantia and
Bishop's Court, wine estates in the Western Cape, game farms in the
Eastern Cape and Garden Route properties. In Johannesburg area interest
seem to favour the Northern suburbs. |
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