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Foreigners show interest in SA property

Dispatch Online
Foreigners show interest in SA property - South Africa - property investors - foreign investors

ESTATE agents have expressed confidence about the sustainability of foreign interest in South African residential property following the 2010 Soccer World Cup.

Adrian Goslett, regional director and chief executive of RE/MAX Southern Africa, said foreign sales in the four months ended September 2010 constituted less than 2% of the group’s sales.

He said South Africa’s successful staging of the soccer tournament changed negative perceptions about the country abroad.

“ We are hopeful that in the next two to three years, foreign buyers particularly from the UK, Europe and the US will start making some moves towards our shores,” he said. — BusinessLive


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