OFFSHORE
I moved to Cape Town in 2021 for a 3 month stint from London and I am still here . I love Cape Town , it is the most wonderful place to live ( aside from the lack of electricity ). This negative news is disappointing for those of us who live here but quality of life is important and that is what we get in Cape Town .
That being said , I remember a quote I read by Magnus Heystek , Director and investment strategist for Brenthurst ; and I could not agree with him more .
‘ The Cape Town property market is performing well and like the UK there is huge demand for rental property . However , the capital growth on the UK property will be more significant based on the currency play alone .’
" As far as wealth creation is concerned there is nothing better than an asset class that grows in a hard currency when you are living in a soft currency country "
UK investment In the UK we are selling 1 bed apartments in a beautiful listed building in the north of England , 75 minutes from London . We sold the entry level apartment , priced
129 APRIL / MAY 2023 SA Real Estate Investor Magazine