Huge potential in the South African Property Market
There’s no doubt about it, our economy has taken a number of beatings over the past few years. However, despite the brutal lashings its resilience seems to win in the end, with a number of industries displaying moderate to significant growth following the drop or merely showing potential for future growth and expansion. One of these markets include the property sector. But does the property market in South Africa really show huge potential for growth? Knight Frank, estate agents in Cape Town, discusses:
“On the back of the recent global residential conference held by Knight Frank in London, where the percentage of sales in some high net worth areas was discussed, Anne Porter Properties see the fact that South Africa’s foreign buyers currently represent 3,5% of the total residential sales market as a huge opportunity for SA to market itself to the super-wealthy of the world, said Lanice Steward, managing director of Anne Porter Properties.
Our challenges are the current fear of security and the economic and political climate of South Africa. There has been a downturn of foreign buyers coming out of Africa into SA and this emphasizes the fact that there is a need to market South African residential properties as second homes or investment opportunities, she said.
Knight Frank has realised their potential, given their strong representation in Africa, in nine major countries so far, said Steward.
Although the declared immigration statistics might have come down because of the adverse international climate, this has to be weighed against the realities of the global world we live in, she said.”
Original Source: Knight Frank – Anne Porter
Text found on: SA Property Portal
“On the back of the recent global residential conference held by Knight Frank in London, where the percentage of sales in some high net worth areas was discussed, Anne Porter Properties see the fact that South Africa’s foreign buyers currently represent 3,5% of the total residential sales market as a huge opportunity for SA to market itself to the super-wealthy of the world, said Lanice Steward, managing director of Anne Porter Properties.
Our challenges are the current fear of security and the economic and political climate of South Africa. There has been a downturn of foreign buyers coming out of Africa into SA and this emphasizes the fact that there is a need to market South African residential properties as second homes or investment opportunities, she said.
Knight Frank has realised their potential, given their strong representation in Africa, in nine major countries so far, said Steward.
Although the declared immigration statistics might have come down because of the adverse international climate, this has to be weighed against the realities of the global world we live in, she said.”
Original Source: Knight Frank – Anne Porter
Text found on: SA Property Portal
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Commercial Property Developers
Farms for sale Mpumalanga
Property for sale in Port Elizabeth
Property for sale in Gauteng
Farms for sale Freestate
Farms for sale Northern Cape
Farm for sale Kwazulu Natal