Do you live in the United States but want to explore buying commercial property or a retirement or vacation home in a foreign country? When it comes to purchasing property overseas, U.S. Investors must always consider the opportunity cost and those who have invested would say the trade-off is worth it.
When it comes to Africa, South Africa is at the top of the rest of the African continent in offering prime real estate for investment purposes. Since apartheid is no longer legal, a major trend in the housing market is that home ownership is becoming more representative of the South African population. Home buying among the blacks, Asians, and other non-whites is on the rise. In addition, South African law permits foreigners to purchase or own real property in South Africa. Even though the political climate appears unattractive when viewing or listening to reports in the media, real estate professionals in the business of selling realty in South Africa have indicated that foreigners, particularly, Americans are still buying. In fact, some of the best prime property with awesome views of the sea, Table Mountain and Robben Island, is owned by foreign investors.
There is East, West, North and South Africa. Sure one can speculate and debate about international markets, the politics, wars and rumors of wars, earthquakes, famine, the future, etc. But no one has ever debated that the continent of Africa is the place for gold, diamonds and prime real estate. If interested in international investing, why not begin looking for prime real estate in South Africa? With the income from your ROI (return on investment), perhaps you can buy a diamond or a gold mine.
As of 2012 total South African real estate was valued at approximately $604 Billion ( http://www.worldpropertychannel.com/middle-east-africa-commercial-news/property-sector-charter-company-portia-tau-sekati-south-african-property-owners-association-cape-town-real-estate-market-6136.php ); and most recent reports indicate that green buildings are gaining in popularity. International real estate investing is definitely not for the faint of heart. But if you want a reliable information resource to begin your education, SouthAfrica.info ( http://SouthAfrica.info/ ) is an all-in-one official gateway to South Africa and supplies comprehensive country information for investors, tourists, citizens and South Africans abroad.
*** Previously Posted Feb 1, 2014 at TreasurePen.com