SA Still One Of The Best Places To Buy Property

[privateproperty]

Peter Gilmour, Chairman of RE/MAX of Southern Africa, considers the findings of global real estate indices and shares the great news – world wide, South Africa remains the best place in which to invest.

If you’re a prospective buyer wondering where to invest, Peter Gilmour, Chairman of RE/MAX of Southern Africa has the answer: South Africa. “And this is not a patriotic sentiment or an optimistic prediction based on the realisation of long-term benefits that may, or may not result from the hosting of the Soccer World Cup. It is a factual deduction based on the actual performance of our property market relative to other global property markets, as assessed by some of the leading independent real estate analysts in the world,” says Gilmour.

According to the latest house price index by the UK’s authoritative The Economist magazine, over the last 13 years, South Africa’s residential property markets has outperformed every other market covered by the index by a truly spectacular margin, notching up 456% growth in house prices. The next best performance recorded was in Australia, at 211% over the same period, followed by 187% in Ireland. “While some of these markets are currently showing more robust growth than the South African market, there is no doubt that over the long term, South Africa’s property market has produced a remarkable return on investment,” notes Gilmour.

What are your views?

[brian]

Yeah. note "has" not "is".