About Us	Search	Advertising

	Brought to you by:

Recent rand weakness, higher interest rates and the rather dim outlook for house price growth in SA have prompted a new wave of buying property offshore.

The up-tick in investor interest in cross-border property has even prompted some SA banks and asset managers to create dedicated offshore investment products for wealthy clients.

Absa Home Loans last week launched an international mortgage offering for South Africans looking to buy property overseas. Nedbank is this month sponsoring a French property exhibition in SA that focuses on buying opportunities in Provence.

Meanwhile, latest housing data from international property group Knight Frank shows that growth in property prices worldwide continues to slow on the back of tighter lending criteria and rising interest rates in many markets.

Eastern European markets are still experiencing the strongest price growth in the regions included in Knight Frank's global house price index, which tracks price movements in 28 markets worldwide.

Bulgaria is now the world's fastest growing housing market, with growth of 30,6% recorded in third-quarter 2007. Singapore, which has seen price inflation accelerate steadily since end-2004, was in second place, with prices up 27,6%. SA was in third spot, with growth of 14,4%. (Property24/Joan Muller)

	Back to top
© Tel. (021) 853-0211 Fax. (021) 853-0234 2003 Somerset Press (Pty) Ltd on all information and photographs.