Facebook

FREE ONLINE PROPERTY VALUATION! Find out the valuation of your property in just 30 seconds!Free Valuation

Free Instant Property Valuation!Click Here

South African Property Market Toasts It's Success

Published: 9th September 2013

A new report out by Knight Frank has shown some interesting trends from foreigners buying property in South Africa, as investors have chosen to purchase increasingly around the popular vineyard areas within the Western Cape.

As with so many countries, the South African property market has suffered decreasing values in recent years as a result of the global economic downturn. More recently however, there are suggestions that the green shoots of recovery beginning to emerge and an increasing number of foreign investors are looking to buy property in South Africa, often purchasing and up to 40% below market value.

Demand for vineyard property in South Africa has increased significantly in recent years, as many people seek properties within the beautiful surroundings of destinations such as Constantia, Stellenbosch and Franschoek in the Western Cape. At present, South African vineyard property is valued at around £50,000 per hectare, depending on the location and scale of the winemaking operation at the property.

The news from Knight Frank bodes well for the South African property market, which many feel is at the beginning of a more sustained recovery. Demand for property in South Africa from overseas purchases has fallen over the past three years, however the signs are that investors are beginning to return to the region.

Also on Pure Property: Property for sale in South Africa | Holiday Rentals In South Africa |

Back to News

Need some help? Request a FREE call back today.

Whether you're a seasoned investor or considering your first property investment, our experienced team are here to help. Arrange a FREE call back from one of our team!

Free Call Back

Call our team today on +44 (0) 161 337 3890

Pure Investor - Property Investment