Big-ticket property sales back on the map
Recent big-ticket property sales — and increased interest — suggest SA property is back on the radar of foreign buyers
Six months ago, as SA sank into recession and yet another round of load-shedding kicked in, estate agents were lamenting how property sales in the R20m-plus bracket had all but dried up. Then SA went into lockdown and well-heeled buyers — foreigners in particular — seemingly bolted out of SA’s real estate market for good.
But estate agents have seen an unexpected uptick in foreign interest in recent weeks, with a number of sales concluded "site unseen" — buying a house without a physical viewing.