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No one can dispute the fact that the
South African property market
has performed exceptionally well in recent times. In many cases we have had
higher growth rates, than many other property markets anywhere in the world. We
are not quite what others consider to be a mature economy, but we are an
emerging market economy. South Africa stand out from other property markets: we
have a very sophisticated Title Deeds system, proof of ownership is far more
secure here than in many other countries in the world, and our Deeds Registry is
probably one of the best and most sophisticated – and reliable.
For a property market we are positive and resilient. We have got growth and
the fundamentals are excellent, the understanding of how the market works is
excellent and buyers by and large receive outstanding and professional services.
We are often complimented by foreigners on service far better than they would
have received back at home.
It is probably easiest to compare our market with those of developing
countries in South America like Brazil and India, with the added advantage of a
flourishing market in game farms, lodges and wild life estates. These countries
have also seen huge growth in property demand and prices over the past few
years, thanks to their thriving economics.
Another important point to consider is that foreign ownership throughout
South Africa is on the up and set to climb post – 2010 Soccer World Cup, as our
international profile grows and foreigners continue to snap up relative
"bargain" properties.
It is perhaps more obvious to see why foreign investors are looking at
coastal properties, both on the Atlantic and Indian Seaboard, but the game farm
region of Limpopo where Hoffman Properties is based, has its fair share of
foreign investments too.
The province is also extremely diverse from a wildlife perspective ranging
from the Kruger Lowveld to the Limpopo River Valley and to the high-lying areas
in the centre of the province.
But how does foreign ownership impact on property prices in this area?
The growth and development of tourism in South Africa since its political
emancipation in 1994 has had the greatest effect on pricing, not international
investment. As a result of increased demand for high-class safari experiences
there had been a marked improvement in the professional level of safari across
the industry. This has in turn led to an expansion of careers under conservation
management. In these careers we are seeing the development of commercial lodges
to meet the demand of the industry.
Limpopo Province is also well served in that it has products in the better
known lowveld adjoining Kruger National Park that service the international
market. It also has a number of regions that are favourites among the South
African corporate market as well as some private international and local
investors that are within easy reach of Johannesburg and Pretoria.
As with the Atlantic Seaboard, the Limpopo Province has also changed somewhat
dramatically over recent years. Most of the farms in the Waterberg area are
utilized as game farms and quite a lot of cattle farms are now tourism and
hunting farms with luxury lodges and chalets.
The provincial capital of Limpopo is where we are actually well established
with a secure foothold in South Africa fastest growing residential markets.
Hoffman Properties has well-trained, professional and courteous staff well
versed in all aspects of realty, and has established links with a countrywide
top team of professionals enabling us to assist both buyers and sellers with top
quality properties and development opportunities.
For more information on investment opportunities in South Africa, please
contact one of our team of dedicated members at:
Email:
info@hoffmanproperties.co.za
Tel: +27 (0)15 291 2946
Fax: +27 (0)15 291 2871
Website:
www.hoffmanproperties.co.za |
