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Cape Town property tipped as top investment
Country: South Africa
15 October 2009 The Cape Town property market has been tipped as a hot investment destination by a leading South African estate agent. A report published by Halifax International, citing Chief executive of Durr Estates Julian Reynolds in an article for South Africa property site Real Estate Web, says that the South Africa property market is set to boom over the coming months. Reynolds adds that he expects the greatest property price rises to be recorded in Cape Town, as the country starts to come out of recession and the FIFA football World Cup fast approaches.
He said: “With prices expected to bottom out over the next few months, the potential upside for the Cape property market exceeds that of other provinces.” Reynolds points to the fact that Cape Town is one of the most popular areas among tourists visiting the country, and the city will play a prominent role when the country hosts the World Cup next year. South Africa property prices have dipped over the past year or so, but look now to at or near the bottom of the market.
See Also: Cape Town, FIFA footbal World Cup, property investment news, South Africa
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