Property prices in South Africa are apparently rising by 25.5% pa, thanks to strong buyer demand and decreasing interest rates, according to research from The Property Investor and Homebuyer Show North (24-26 June, GMEX Manchester).
South Africas high inflation compares favourably with other favourite investment destinations. Spain comes second with 17.2%, followed by France (14.5%) the UK (13.8%), Ireland (11.1%), Australia (10.9%) and the US (9.4%).
Chris Wilson, Marketing and Communications Manager of John McDonald Properties comments: "The property market in South Africa is currently experiencing rapid growth. Whats more, the demand for housing far outstrips supply. For these reasons the value of properties is expected to increase significantly and, for early investors, growth in the region of 30% can be expected in the first year."