Overseas property news - South africa 'the next big thing'

South africa 'the next big thing'

South Africa has often been referred to as a ‘sleeping giant’ and if the increases in property prices over the last 10 years is anything to go by (351% increase) then this giant is certainly stirring...

Lloyd Cornwall, Director of Pin High Property recently commented: “South Africa is coming of age. The last 10 years have played a major part in shaping its future and now South Africa is in a strong position to become a major player in the international arena. South Africa is the ‘next big thing’ in terms of investment.

"With huge natural resources an ever growing economy and stock markets performing well, it is becoming more attractive to investors each day. The property market has been one of the biggest performers and despite these huge growths over the last decade, South Africa is still vastly under priced.

Over the next decade, we expect to see these prices come into line with the European markets, which means healthy profits for all who have invested into the property market.”

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