Although those of us living here and earning rands may not believe it, South African property really does offer excellent value for money.
There is, according to various reports, an increase in the number of expats who have decided to return to live in South Africa. It appears that the grass isn’t necessarily greener on the other side and those who are returning have cited a number of reasons behind their decision. However, it seems that family ties, the weather and the simple fact that this is ‘home’ are the main reasons that so many expats are returning.
Quite frankly those who are returning now couldn’t have picked a better time. The rand is at record lows and anyone bringing pounds or dollars into the country stands to score, big time.
At the time of writing the rand was trading at R21.36 to the Pound and R13.88 to the US Dollar. This obviously means that those investing in property will get far more than they originally bargained, given the rapid onset of the decline in our currency.
To read more about Property Prices in South Africa vs The World click here.