• The Kaplan Team

THOUGHT OF THE WEEK Foreigners continue their pursuit of South African property

Updated: Apr 7

Contributed by Hayley Ivins-Downes, Lightstone


Many postulated that foreign ownership in the local property market would decrease this year, however, an analysis of current foreign ownership in South Africa shows an increase of 42% in January 2018 compared to the same period in 2017.


Gauteng and Cape Town are at the top of the purchasing pile; Cape Town due to its cosmopolitan ambience and multi-cultural inclusiveness, and Gauteng because of the thriving industrial and business hubs which offer many employment opportunities. Transactional data shows that 83% of all foreign purchases are made in these two provinces. A surprising development is that Gauteng is becoming increasingly popular and the Eastern Cape is also becoming more alluring to foreign buyers.


Contact KAPLAN BLUMBERG for any queries or assistance required.


041 363 6044

1st Floor, Block A, Southern Life Gardens, 70 Second Avenue, Newton Park, Port Elizabeth, 6045

© 2020 Kaplan Blumberg