Fast facts:

Finweek English Edition - - IN THE NEWS -

The amount of land owned by for­eign­ers: 3% Of the 280 395 reg­is­tra­tions be­tween 2013 and 2014, only 8 530 were to for­eign buy­ers. 24.5% of to­tal for­eign buy­ing is es­ti­mated to be buy­ers from the rest of Africa. R9.7bn was in­jected into the econ­omy last year through for­eign buy­ing. Na­tion­ally, only about 700 out of al­most 24 000 monthly sales are to “for­eign­ers”, ac­cord­ing to re­cent Light­stone data.

Non-res­i­dent buy­ing is high­est in the Cape metro, around 4%. Ac­cord­ing to Prop­stats, “for­eign­ers” recorded around 456 sales (R2.1bn) out of a to­tal of 10 321 (R18bn) reg­is­tra­tions recorded by Light­stone for the area in 2014. This amounts to about 38 monthly sales out of a to­tal of 860 sales.

The for­eign-favoured At­lantic Seaboard and City Bowl recorded sales of 217 prop­er­ties (worth R1.2bn) to for­eign­ers out of a to­tal of 1 678 (R7bn), rep­re­sent­ing just over 10% of sales for the strip last year, ac­cord­ing to Prop­stats.

Only eight of the 51 most ex­pen­sive prop­er­ties were sold to for­eign­ers. The four high­est prices were paid by South Africans.

R11.3bn worth of for­eign-owned prop­erty was sold be­tween 2013 and 2014, ex­ceed­ing for­eign pur­chases by R1.6bn.

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