Cape Town South Africa Housing- Due to improved sentiment about South Africa, it would not be surprising to see an increasing demand for SA residential property among foreigners and SA expats, according to John Loos, household and property sector strategist at First National Bank. http://spacesa.com/buy-property-in-cape-town.php
This is despite demand levels for South Africa housing from foreigners and SA expats being down significantly compared to 2015 and 2016, according to the FNB Estate Agent Survey for the first quarter of this year.
Estate agents surveyed estimated that 4.3% of total home buying for the two quarters up to and including the first quarter of 2018 was by foreigners.The survey estimated that the percentage of South Africa housing being bought by SA expats was 1.51% of homes in the first quarter of 2018, after declining since 2015.
The South Africa Housing survey also indicated that the number of buyers from other parts of Africa purchasing residential property in SA has slowed faster than overall foreigner home buying here in recent years. For Loos this could arguably reflect tougher African economic conditions compared to those in more developed countries in recent years.