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Growing group of SA expats returning home - to luxury estates

Carin Smith

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Ryk Neethling, marketing director of Val de Vie in the Cape Winelands, estimates that demand from returning SA expats contributed to price increases of 20% to 25% year-on-year at the estate.

Ryk Neethling, marketing director of Val de Vie in the Cape Winelands, estimates that demand from returning SA expats contributed to price increases of 20% to 25% year-on-year at the estate.

Val de Vie

A growing group of expats is returning to South Africa, and buying homes in luxury estates, property groups report.

For example, between 10% and 15% of enquiries at the Val de Vie estate near Paarl in the Cape Winelands are from South Africans who have spent a significant time overseas or foreigners.

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