Property abroad in South Africa - looking to invest?
Still centred on the capital, Cape Town, the South African property market is likely to expand when the country hosts the Fifa Football World Cup: South Africa 2010.
Average property prices are still reasonably low, but are sure to rise - making quick action necessary.
With the latest interest rate rise,the South African reserve bank has taken an opposite tack to the one taken by the Bank
of England’s monetary policy committee. By increasing the interest rate to rates not seen for many years in an attempt to hold back the oil
induced inflation, South Africa’s Tito Mboweni is showing the steadfast commitment to a stable and low inflation based economy.
The South African market, although affected by the international US inspired market slump has been well prepared with their introduction of the FICA financial credit act almost a year ago. This had the immediate effect of cooling of the overheated South African economy and acted as a buffer so the US slump did not have as an immediate an effect as it did in the UK, the US and EU.
The locals might not think so but for investors this has a two fold benefit, lower house prices and better long term investment potential when the FIFA world cup comes around and by to let schemes really kick on for the short term haul.
Speak to ChaseDevonshire today about your profit potential in the international acquisitions market, we can help you to acquire some real gems.
To talk to Denis about your options please use the contact form link provided to sign up to the newsletter. The safety feature built in means you have to confirm it was you who signed up and then you will receive the latest informationWritten by Denis - Visit Website
Please use the contact form link provided to sign up to the newsletter.
The safety feature built in means you have to confirm it was you who signed up and then you will receive the latest information after confirming you want it.