Property In South Africa Bottoms Out
Property sales in South Africa have hit rock bottom according to a recent report by one of South Africa’s largest real estate companies. However, far from predicting more bad news for the South African real estate market, the report actually goes on to say that better times may be ahead, and that property prices are set for a dramatic recovery.
The report, from Chas Everitt International states that investors should be considering South Africa as an investment opportunity, as there are a large number of bargains in the market at present. The report states that the best bargains are to be found in the mid-range of the market where the large number of available properties make it possible to secure good value for money investments.
The report goes on to suggest that when the prices of property in South Africa do make a recovery, that they could possibly rise by as much as 50% over a three year period.
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