'Cheap' property in South Africa proving irresistible to holidaymakers

‘Cheap’ property in South Africa Proving Irresistible to Holidaymakers

Just one visit to South Africa is enough to convince some property market investors to acquire a home in the country, it has been claimed.

Heath Adamson, sales and marketing director for International Property Solutions, believes most people are won over by the views, the friendliness of the local population and the climate.

The fact that prices are low is also a major draw, Mr Adamson believes, while he also notes that investors are becoming more adventurous and so are looking for something more “exciting” than they have done in the past.

“What we find is that our enquiries come from people who have visited the country and generally one visit is normally enough to win people over,” he commented.

“It is cheap – it’s one of the cheapest markets in the world. If you look at Cape Town on a national scale it’s very cheap, but I think the country all round is attractive; the people, the landscape… just the various things that the country offers.”

Figures released by government agency Statistics South Africa show that the value of recorded building plans in the country increased by 16.3 per cent in the first eight months of 2006 on 2005 levels, suggesting that there is plenty of property for investors to choose from.

Published By: holidaylettings.co.uk