Real Estate & Travel News in South Africa from Propertyshowrooms.com

South African property still popular with foreign buyers

Mon, 8 Nov 2010 00:00:00 GMT

South African real estate agents are confident that the property market in the country will remain popular, even though the football World Cup is over.

According to Adrian Goslett, regional director and chief executive officer of RE/MAX Southern Africa, the hosting of the tournament in the country has done much to raise its profile and improve perceptions held by potential overseas buyers.

Mr Goslett explained that this had translated into an increase in interest in owning property in South Africa.

He added: "We think it's fairly early to gauge the level of foreign interest in our property portfolio after the World Cup.

"We are hopeful however 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."

Elsewhere, Dr Andrew Golding, chief executive officer of the Pam Golding Property Group, is much more optimistic stating that overseas interest had improved.

World Cup boosts interest in South African property

Tue, 21 Sep 2010 00:00:00 GMT

The recent football World Cup has helped to boost confidence in the South African real estate market, people interested in province of the Western Cape property will be pleased to hear.

In particular, prices in the Cape region - where many of the games were held - have remained stable, despite the falls witnessed in other parts of the country.

According to Audrey Matthews, director of Ronnie Matthews Estates, the increased interest in property in the region is a direct result of the attention it received during the football tournament.

The expert added that although the property market can be described as buoyant on the coastline, he has witnessed a much more cautious and realistic outlook from potential buyers.

"Buyers are approaching the investment in this kind of property in a scientific, rather than emotional way. They look at investment, yields and weigh it up against alternative investment avenues and then they buy," she explained.

Ms Mathews also explained that slow but steady economic expansion in South Africa is also fuelling a strong demand for more holiday properties.

'Fewer people travelling to East Cape'

Thu, 18 Dec 2008 00:00:00 GMT

Thousands of families from the Eastern Cape will unusually be spending Christmas apart as they feel the pinch of the economic downturn...

N2 holiday blockade a threat to tourism

Fri, 5 Dec 2008 00:00:00 GMT

At least 10 people have been arrested and several were injured when hundreds of rioting local people clashed with police in Macambini on the KwaZulu-Natal North Coast...

Christmas bookings rise despite credit crunch

Fri, 17 Oct 2008 00:00:00 GMT

The credit crunch is not going to deter people from having a good Christmas holiday and advance bookings are looking "very promising", KwaZulu-Natal hoteliers have predicted...

Tourists flock to SA over five-month period

Fri, 5 Sep 2008 00:00:00 GMT

Almost four million foreigners visited South Africa in the first five months of this year, Tourism Minister Marthinus van Schalkwyk has said...

Robben Island ferry in choppy waters

Tue, 26 Aug 2008 00:00:00 GMT

Robben Island's new R26-million ferry has been attached because of money owed to boatbuilder Farocean...

Australian property 'popular with South African investors'

Thu, 7 Aug 2008 00:00:00 GMT

A growing number of overseas property investors in South Africa are showing interest in the Australian market, according to experts.

Estate agency Pam Golding Properties stated that the country is proving to be a popular choice with prospective purchasers of real estate in South Africa, reports Cape Argus.

Simon Gibb, spokesperson for the company, said much of the interest is coming from people who plan to buy for investment purposes.

However, he stated that some enquiries are also coming from people who wish to live in Australia on a permanent basis.

Mr Gibb believes the decline in the South African currency, as well as growing political uncertainty, has fuelled the recent interest in buying abroad.

He commented: "There is a trend that when our rand is trading less favourably against the major currencies, South Africans look to move money offshore.".

Earlier this week, Paul Arthur of The Emigration Group told the Daily Star that Australia has attracted 23,906 expats from the UK in the last year.

Tourism industry feels cash crunch

Wed, 30 Jul 2008 00:00:00 GMT

Tourists are still coming to South Africa, but now they are spending billions of rands less than they did before...

Cableway service to last three weeks

Thu, 17 Jul 2008 00:00:00 GMT

Visitors to Cape Town have three weeks to get to the top of Table Mountain...

SA passports concern Britain

Fri, 11 Jul 2008 00:00:00 GMT

South Africans may soon have to apply for visas to visit the United Kingdom...

Long-haul flights opening up new destinations

Wed, 17 Oct 2007 00:00:00 GMT

More flights to new long-haul destinations such as New Zealand and China are boosting the number of British offshore retirees, it is claimed.

The over-50s could represent a profitable market for investors through holiday homes as Saga revealed that long-haul destinations remain popular among the age group.

A company spokeswoman commented that new routes from UK airports are encouraging over-50s to spend their holidays in long-haul destinations, after a recent Saga survey found that a third of the age group said adventure was an important part in choosing their holiday destinations.

The Saga spokesman noted that based on factors such as ease of access, cheaper flights, climate, and the cost of living, ten per cent of people said they were considering offshore retirement in such destinations.

She noted that new routes offered by airlines enable holidaymakers to be attracted to new activities, such as flights over the Zambezi river in South Africa or taking a sky train through the Costa Rican rainforest.

"I think having more options about who to fly with and which airport to fly from has encouraged more people to travel long-haul," the spokeswoman added.

Recent Saga research also revealed that a third of over-50s are more concerned about the quality and length of their holidays compared to when they were younger.