Why should Investors be looking at Real Estate in South Africa? We are frequently asked this question by Nigerians and other international investors. Lindi and Chris from Fine & Country sent us the Link to the Africa Wealth Report 2024.
Why should Nigerians be looking at South African Luxury Real Estate?
“As the Africa Wealth Report 2024 shows, South Africa has a total of USD 37,500 millionaires, centi-millionaires, and billionaires, which is more than twice the number of wealthy individuals who are resident in Egypt, and more than three times the number resident in Nigeria — both of which have bigger economies than South Africa’s, according to the latest International Monetary Fund figures.”
“South Africa also continues to dominate the list of top 20 wealthiest cities and regions in Africa, with six areas appearing on the top 10 list.”
I am not a qualified economist but I watch a bit of CNBC and Bloomberg TV. Fluctuating around the R19/$1 range, the South African Rand is at (or close to) its expected weakest point. The upcoming South African national election will obviously have an impact but several experts are looking at the expected cut in US interest rates as the biggest factor in Rand exchange rate. The US is expected to start cutting interest rates towards the end of 2024 and many economists expect the Rand to improve by R3 – R4 against the Dollar at that time.
What does this mean? South African Real Estate is probably at its best value and most affordable right now for investors with Dollars, Euros or Pounds.
Shepperson Consulting’s collaborative associates in South Africa are Fine & Country. As I mentioned above, the Link to the Africa Wealth Report 2024 was kindly sent to me by Lindi and Chris from Fine & Country.
I have been so very excited to be working with Lindi and Chris Yeomans at Fine & Country Pretoria Old East. They have such a remarkable Network of Fine & Country Agents across South Africa and Mauritius and they will work extensively with Shepperson Consulting to ensure that Nigerian Real Estate Investors have access to the very best and most lucrative opportunities. More news to coming soon. Watch this space.
If you would like to know more about investing in South African Real Estate, please don’t hesitate to contact me or Book a FREE Consultation by clicking the Link below.
- gareth@shepperson.com.ng
- BOOK a FREE consultation with Gareth Shepperson
