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Luxury apartment in Clifton sold for R30 million by Pam Golding Properties to a foreign buyer. (Supplied)
The SA residential property market offers foreign investors excellent value for money owing to the exchange rate, say local agents.
In SA, many can afford a high-end lifestyle at a fraction of what it would cost in many other international locations.
Coastal areas such as Plettenberg Bay, Durban's North Coast and Cape Town offer the lifestyle many foreigners are seeking.
South Africa has an accessible property market and favourable exchange rate - and this bodes well for foreigners looking for long-term investments.
This is according to Grahame Diedericks, manager principal at Lew Geffen Sotheby's International Realty in Midrand, who believes the SA market is a "value purchase" for offshore investors.
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