Property Barometer – Agents Indicate Further Slowing Growth In Foreign Home Buyer Levels; African Foreign Buying Continues to Increase

The recent bout of further weakening in the Rand has made South Africa residential property cheaper on average for aspirant foreign buyers dealing in some of the world’s major currencies.

However, this does not necessarily imply stronger growth in foreigner demand for domestic property. Working against this improved affordability is a deterioration in investor sentiment towards South Africa, while property’s popularity as a global asset class is perhaps not quite what it was about 2 years ago.

Read more here: FNB Property Barometer_Foreign Buying_Jan_2016