Foreigners Want To Buy In South Africa, But Can We Sell It To Them?

Property investors looking to purchase real estate in South Africa will be pleased to learn that confidence is beginning to return to the market.

Analysts have explained that the country’s inclusion to this year’s BRIC group of major emerging markets is set to boost the level of foreign interest.

AND

On Saturday, Zuma said that government would be looking at three forms of land holding — holding state land through leasehold, freehold with limited extent on private land, and allowing foreigners to lease but not own South African land.

There’s good and bad news. The good news is the fact that overseas investors are now getting more confident in the local market. The bad news is that the SA government wants to limit foreign land and property ownership. Read both articles and let me know how you feel.