Celebrities targeting South African property investment

The fact that South Africa is currently hosting the football World Cup has led to many celebrities visiting the country and some showing interest in making a property investment.

According to the Times Live, some estate agents in the country have been visited by famous names in order to take a look at what properties are for sale in South Africa.

Area manager Ling Dobson highlighted that coastal properties were proving particularly popular, with guests from the UK, US, France and Italy among those seeking luxury accommodation.

She told the news provider: "Even just prior to the World Cup we sold a property in Knysna to a French buyer."

Ms Dobson added that an appointment has also been scheduled with a wealthy Italian and his family in relation to viewing a number of properties in the country's Eastern Cape.

The most recent real estate performance index by IPD/Sapoa revealed that investors in the South African property market could expect an average total return of 8.7 per cent.

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