Why is property such a good investment in South Africa
Why property in South Africa is the best investment
If you are looking for a great place to invest in property, you are indeed in luck. The best place to invest in property is right here in South Africa!
There are many reasons why South African property is a great investment, but perhaps the most pertinent is that the demand does, and will continue to exceed supply, for the following reasons:
- South Africa has a rapidly growing middle class, which is not only driving economic growth, but also the property market, as tens of thousands of people move out of townships and into suburbs each year.
- The country has a housing backlog that Government has been trying to address for years and continues to do so in a bid to eradicate informal settlements.
South Africa's property market is also the best performing property market in the world!
|According to British news magazine The Economist, South Africa had the best performing major housing market on the planet over the last decade or so. Our house prices rose by an unbelievable 456% between 2007 and 2010, eclipsing by far the performance of all others, including Australia, which recorded the second highest growth (211%) during this time.
Statistics show that, over the past 40 years, residential property prices in South Africa have grown by more than 12% per annum on average. While the economic crisis during 2008-2009 affected all markets, our property market was among the first to recover.
The country's GDP is growing steadily and with growth comes an increase in the demand for property. There are many economic thought leaders, including the IMF and the World Bank, who believe that the prospects for growth in this country are very positive, which bodes well for the property market too.
In addition, we have one of the best land registration systems in the world and South Africa continues to retain its position among the top 20% of the countries measured in terms of the International Property Rights Index (IPRI). Our banking and financial systems are also among the best in the world, making South Africa a prime property investment destination - particularly for South Africans!
Don't miss out on the growth in property values in South Africa over the next decade! What other investment can provide a return like this, while also producing an inflation-linked passive income at the same time?
If you are ready to grab the property investment opportunities that South Africa offers, simply click here for more information that will show you exactly how to put yourself on the path to financial freedom and wealth by investing in South African property!
Thank you P3 Investments