Global interest in South African property market

Interest remains strong from the UK and other European destinations when it comes to investing in property abroad in South Africa.

A recent analysis of traffic on the Lew Geffen Sotheby's International Realty website showed that a number of investors are seemingly keen to purchase property for sale in the country.

It was noted that visits to the site from UK residents have increased by 23 per cent, with worldwide interest seen across different parts of South Africa.

Jason Rohde, chief executive of Lew Geffen Sotheby's International Realty South Africa, said: "Interest is now more widespread, with people from all over the world looking into buying property here.

"Where it was once primarily luxury holiday homes in coastal regions that were being snapped up by foreigners, we are seeing an increase in the number of smaller properties in the metro areas of Johannesburg and Cape Town being sold to international investors."

However, he added that property investors are now being more cautious when it comes to weighing up their decisions and are seeking value for money, alongside factors including home security.

Jacques Ellis, manager of Cluttons estate agents, told the Independent earlier this year that South Africa good be a country to watch in 2010, with strong possibilities for improvement in the property market.

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