Real Estate Investor Magazine South Africa March 2016 | Page 60

FLORIDA

New Build Developments

Attract Big Investor Interest
United States offer affordable entry-level investments
BY NEALE PETERSEN

I

nvestments into offshore property ownership are
ideal for markets with hard currency like the US.
Dollar investment offers South African investors
an affordable, stable, first world economy with a
perfect Rand hedge strategy. Many local investors
have already benefitted from buy and hold real estate
investments by hedging their options offshore on rand
currency deflation and higher than average rental
incomes with steady capital appreciation year on year.
Another successful method used by investors in the
short term is to fix and flip properties over a 12-month
period. This is a great strategy for cash flow and quick
investor returns as it is relatively low risk. Candice
Schultz, CEO of Prime Property Global (PPG),
already a successful investor in both local and offshore
real estate, has brought along a unique real estate
solution for a select number of investors.
Candice assists South African investors with new
build investments, offering them an opportunity to

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MARCH 2016 SA Real Estate Investor

turn quality property investments into cash within a
12-month period.
New, international developments don’t come onto
the global stage often for South African investors.
Candice says, “It is not often we get the opportunity
to partner with investors on such a quality product.
The 3-Bed 2-Bath units generally sell 1-2 months
before the building is complete and interest has been
high.”
Unlike existing renovated properties, new builds
are fixed so that returns are consistent without any
other additional hidden costs (bad plumbing, faulty
electrical, etc.). Besides the financial benefits on
maintenance costs, the warranty on new builds give
the investor the opportunity to cover him or herself.
The United States still remains a hot market
to invest in, with Florida in particular attracting
interest as the countries #1 retirement destination.
On average, up to 1000 peop H\