Tourism boosts South African investments

Owners of rental accommodation in South Africa are benefiting from a strong tourism sector, it has been reported.

According to Homes Overseas magazine, visitor numbers in the country went up by about nine per cent last year.

This was said to have resulted in the holiday industry generating nearly £25 billion for the national economy.

As a result, many buy-to-let investors will have seen increases in their occupancy rates and rental yields.

Furthermore, this trend of upwards growth is expected to continue in the run up to the football World Cup, which is being staged in the country for the first time in 2010.

South Africa's government recently revealed that it wants to attract ten million foreign visitors in two years time.

According to deputy tourism minister Rejoice Mabudafhasi, visitor numbers have gone up by 1,415 per cent in the last 14 years, reports AllAfrica.com.
 

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