South Africa one to watch in 2010

South Africa offers good prospects to potential investors in 2010, according to reports.

UK newspaper the Independent has reported that the combination of the forthcoming football World Cup and a resurgence in the housing market make the African nation a "good hope" for investors.

Jacques Ellis, manager of Cluttons estate agents, told the paper that despite the credit crunch causing the property market to level out, things were beginning to pick up once again.

"In the past few months we have seen life return; sales and enquiries are up and we expect, with the global focus on South Africa in 2010, that this will continue with international buyers returning in force," he commented.

The 2010 World Cup will attract hundreds-of-thousands of visitors to South Africa, meaning those thinking of investing in property in the country may look to buy residences that can be rented out during the tournament.

Those who do so may also benefit from a longer-term growth in tourism in the country resulting from South Africa's greater exposure.

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