WHY INVEST IN SOUTH AFRICAN PROPERTY ?

Wed 22, 04, 2009

South Africa’s been a solid place for property investment since the 1994 elections.

Interest rates are set to come down and our Finance Minister, Trevor Manuel’s dedicated to bring inflation back to the targeted band of between 3% and 6%.

According to the minister, government remains committed to spending money on housing and infrastructure. This bodes well for property investors. Improved infrastructure creates demand and increases the value of properties in these areas.

2010 WORLD CUP – THE LONG-TERM BENEFITS ARE CLEAR

In 18 months, the biggest sporting event in the world – even bigger than the Olympic Games – will be hosted here in South Africa. According to property experts, preparations for the World Cup have already transformed the infrastructure of the cities where games will be played.

Our country’s already made a name for itself in the global property market. Property here is still undervalued and continued investment in the lead up to the World Cup will balance the market once again.

Not only are the skylines of our cities changing, the influx of international investors and visitors to the country in 2010 is set to bring a massive cash injection into SA. The Business Day reported that property investors will be reaping the benefits as the demand for housing and rental property increases. Even though the World Cup will only last for six weeks, the massive improvements to the infrastructure will last decades.


THE 2009 GENERAL ELECTIONS - FREE, FAIR & LUCRATIVE

Since South Africa became a democracy, our elections have been praised as free and fair. Government doesn’t expect this year’s election to be any different. It’ll once again affirm our democratic status to the world. A peaceful election process will attract international investments and increase the popularity of living in South Africa.


FAST-GROWING MIDDLE CLASS

Investors tend to forget that we have the fastest growing middle class in the world. Statistics show that the growth from the emerging black middle class isn’t limited to first-time buyers, but also comes from existing property owners who’re moving up the ladder and establishing themselves in the middle class.

The combined spending power of the emerging black middles class is currently sitting at R180bn. If you compare this to the growth of black buying power 15 months ago, it accounts for over half of the buying power in the country.



If you are enthusiastic about are country - contact Legacy Estates today and chat with one of our competent members, who themselves have bought property and know just where to find that great deal.