Published on 20 September 2006 at 12:31 pm
Filed in Property News for South Africa » South Africa Property Fund Overview
An increasing number of our readers are interested in spreading, diversifying and reducing their overall risk of direct exposure to certain property markets and one of the most talked about of these markets is the South African real estate sector which offers potentially lucrative returns over the longer term, but which could suffer the slings and arrows of outrageous fortune in the form of short term knocks and destabilising over-reactive behaviour. This article therefore provides a South Africa property fund overview with the angle of a comparison to direct market exposure for our interested readers.
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The purchase process for real estate in South Africa is incredibly well regulated and property investors from overseas are even protected in their dealings with estate agents in South Africa as they have to be qualified and registered with the Estate Agents’ Board.
There are currently no significant restrictions applied to non-resident purchasers of real estate in South Africa and this guide details a typical purchase process for overseas investors.
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The property investment potential in South Africa is substantial with government investment incentives existing for real estate developers in the country’s major cities, taxation breaks available for investors and demand for property to rent and buy in South Africa increasing from overseas and domestic citizens.
Property investors already in the market have benefited from an impressive period of growth boosted in part by the disparity between the South African Rand and major first world currencies but also because now that South Africa is economically and politically stable it is an incredibly popular country to visit, retire to and purchase property in.
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The impressive and substantial annual profits enjoyed by property investors and second homers in South Africa in recent years had a great deal to do with the weakness of the local currency.
Yet while the size of recent annual gains may be unsustainable over the long term, the attraction of the South African real estate market remains incredible strong for a number of key reasons.
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