[ad_1]
South African buyers have continued to demonstrate a strong appetite for overseas property investments in 2020, despite the impact of the coronavirus pandemic, says Dr. Andrew Golding, CEO of Pam Golding Property.
Golding said the biggest demand from South Africans remains unequivocally for Portugal, whose ultimate goal is EU citizenship. This is followed by Mauricio and Granada, who offer a path to residency in the US.
“The United States will always be an attraction for those seeking a bigger and better lifestyle and therefore the EB-5 Green Card program will always be of interest to high net worth South Africans seeking to participate in the larger economy. of the world, “Golding said.
“Furthermore, EU residency programs allow a good investment in hard currency along with the ability to acquire EU residency opportunities for their family, allowing dependents to launch their network further when considering studying or working in Europe”.
During the shutdown, Golding said there has been a significant increase in inquiries from South Africans about properties offering residence in Mauritius, attributable to a number of factors.
These include the increased desire for safety and health during uncertain times, the drop in the entry level of prices for residence from $ 500,000 to $ 375,000, ease of access, ease of transition due to familiarity, and a large expat community. existing South Africans.
“The successful management of Covid-19 on the island also helped provide confidence to invest and spend time in Mauritius in the safety of your own home.
“Sales for 2020, despite the global lockdown and travel restrictions, have been strong and are expected to continue into 2021,” he said.
“Generally speaking, investment properties in Mauritius start at approximately R3 million for a one-bedroom unit at Soleia Residences in Grand Baie, two-bedroom units at Mont Choisy La Reserve start at R7.8 million, while villas High-end in Marguery Heights with panoramic views of Tamarin Bay are priced at R45 million. “
Golding said the group has also seen growing demand for properties in the Seychelles.
“The demand for properties remains stable, especially since, being a small island, Seychelles has experienced a reduced number of Covid cases and more people have realized that they can work remotely while spending more time in the sun in an idyllic setting.
“Property prices for sale on Eden Island currently start at R6 million for an apartment, R15 million for a maison and R35 million for a detached villa.”
Read: These are the best and worst cities to emigrate
[ad_2]
