Foreigners are investing in real estate in South Africa, should you?
29 March 2021
Despite the economic difficulties brought about by the COVID-19 pandemic, the property market in South Africa is making a strong comeback. The oversupply of housing has resulted in a buyer's market, driving a renewed demand for properties.
The latest real estate statistics reveal that there has been an increase in foreigners investing in property across South Africa. The favourable exchange rates, low-interest rates and local banks providing financial assistance to foreigners make it a perfect environment to buy. From million-dollar villas in Cape Town to luxury mansions in Johannesburg, foreigners are taking advantage of this ideal investment opportunity.