International Property
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The Foreign Effect
Sep 13 2012
For the time being, foreign buyers remain a relatively small group of buyers of South African residential property. However, there are signs that their contribution to overall buying has been stronger in the 1st half of 2012 than in 2011, with the effects of the recession of a few years ago gradually passing on. A…
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Buildings Shifting Shape
Oct 30 2009
Immobiliare … or immobilier, or immobillien … the word for Real Estate used in Latin languages translates to “an unmovable property”. This is about to change! Italian architect Dr. David Fisher , honoured as the worldwide Architect of the Year 2008 by The Developer & Builders Alliance, has created the concept of a building changing…
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Expats say New Zealand Is Best Destination
Aug 14 2009
A recent poll by NatWest International says New Zealand is the best destination for expatriates. In the survey New Zealand ranked ahead of Canada, Australia, France, the United Arab Emirates, Portugal, Spain, South Africa, China and the U.S. in a survey of British expatriates who were asked to name the most preferable country for relocation.
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Foreign Home Owners
May 17 2009
In 2004, only 2189 residential properties were owned privately by foreign individuals; a number that has by this year risen to 30661 – which represents about 0,56% of all residential properties (or 35,000 foreign owners who own 30,661 properties in South Africa) – under half of which are inland freehold properties. These figures show that…
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Hot Spots for the Cost-Conscious
Feb 23 2009
2009 may well be the year in which some lesser-known locations where real estate bargains abound, get their fair share of attention. Italy – “The Abruzzo region is the most overlooked and undervalued area in Central Italy with house and property prices between 30% and 70% cheaper than Tuscany and Umbria.” For areas that offer…
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Foreign Real Estate Investment to Grow
Feb 15 2009
* foreign real estate lenders say they plan to increase lending by 54 percent globally * equity investors plan to increase investment activity by 40 percent globally * foreign investors in real estate are expect to spend significantly more investing in US real estate in 2009 than they did in 2008 These are 3 of…
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Casino Sale
Jan 16 2009
American based Century Casinos Inc. is selling its African subsidiary Century Casinos Africa Ltd. to Tsogo Sun Gaming Ltd., one of Southern Africa’s casino and hotel resort owner / operators At a purchase price of $48 million, the properties include The Caledon Hotel Spa & Casino near Cape Town and 60 percent of Century Casino…