Oct
2013
South Africans’ love tradition is very much evident in holiday destinations too. We find a place on our map that we find appealing and for season after season we return to it.
It seems we are starting to emerge from an economic slumber. Holiday property investors are seeking out the more remote locations as holiday destinations. There are many financial benefits to this practice, one being a high demand.
It stands to reason – the less familiar a destination, the less expensive it will be. Such a location would be Umhlanga, since this is prime holidaymakers’ destination and thus the demand for it will be high. There is exclusivity in the price tags.
There are many remote destinations, coastal and inland, yet to be explored with highly affordable prices. A good example of remote locations that has become high in demand would be Dullstroom in Mpumalanga, where the attraction is for the outdoor type of person who likes fishing. The surrounding area offers scenic simple nature. But because of the amount of people that frequently visit the area, it has become a recognised destination with many time share developments on offer.
With current exchange rates favouring foreigners, we have seen an increase in travel and investment. As a human trait we like to explore and foreigners are not immune to this. This is the basis of advertising too. So, once foreign tourists have seen all South Africa has to offer, they long to return and soon enough they decide to invest in property.
The trend of late is investment in game reserves, both on the coast and inland.
Game reserves on the highly sought after Garden Route offer seaside leisure and game watching in untainted nature.
Statistics SA has released figures with a 10.4% year-on-year increase in building plans approved for the first half of 2013. Statistics do however not distinguish between foreign and local approvals.
Myroof has many privately owned-, bank repossessed- and distressed properties on offer. We cater for the full spectrum of property from holiday to residential.
