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What R20 million can get you in Cape Town, Joburg and Umhlanga

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Despite South Africa’s myriad of issues, wealthy foreigners are looking to spend millions on property in South Africa amid global uncertainty.

South Africa’s high-end property market is seeing increased interest from local and international high-net-worth buyers amid global uncertainty.

“Overseas buyers in these areas are still predominantly from traditional European markets, but now further prompted by geo-political issues which appear to have boosted sentiment in respect of the top-end residential property market in the Cape, coupled with the value offering when compared to global high-end markets,” said Golding.

The Western Cape’s Garden Route is also proving attractive to international buyers, with many looking to relocate to Knysna from Switzerland, Belgium, Germany and America. High-end areas, such as Monaghan Farm, Blair Atholl, Dainfern Estate, Hyde Park, Sandhurst and Westcliff, are seeing heightened interest.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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