Property prices are dropping

Properties are a good investment in the long term. However, for this investment you need to have a certain 'investment horizon'. In other words the time to recover from dips in the market.

Since 2008 prices of properties in South-Africa have dropped. Inflation, rising costs of fuel, food, electricity and the household debt levels are responsible for this.

I have noticed the changes here in the area. For example the Moditlo Game Reserve, where one could buy a 1 hectare full title deed stand for R450,000 in 2008, now prices come closer to R250,000! So property prices are dropping 

To read more go to: Property consultant in the bush.

Buying a property in South Africa

If you are not a South African and want to buy a property here there are some requirements for immigration. When buying a property for commercial purposes in the tourism industry in South-Africa there are the following requirements:

• Investment required of R2.500.000.
• Employ 5 South-African citizens.
• Apply for a business-permit (so the owners can also work in their own business).
• Apply for a resident-permit. SA will first give out a temporary residence.
• Submit a business, marketing and financial – plan.
• Submit the required applications for immigration – to acquire at your local embassy or consulate.

Investment of 2.5 million rand
One can add all costs made to find and acquire the property....

To read more go to: Property consultant in the bush.