Real Estate Investor Magazine South Africa May 2014 | Page 57

REI Offshore Recent reports show that with the FIFA World Cup and the 2016 Olympic Game to be held in Brazil that the country is steering it towards being one of the world’s most exciting emerging property markets for investors looking for buy to let real estate that brings in a regular income because of the influx of visitors to the country Portugal, with its beautiful beaches, appealing architecture and excellent cuisine, is globally recognised as a tourism hotspot, so much so that it was once again recognised at the prestigious World Travel Awards for Europe, taking home no less than nine awards in 2013, while CNN believes that Lisbon could be Europe’s ‘coolest’ city (CNN 26 January 2014). Valuable Input John Beekman CEO The Beekman Group Mozambique is one of the fastest growing countries in Africa. With its newlytapped mineral resources, an escalating GDP, close proximity to SA, booming tourism and investmentfriendly government offers investors the opportunity to take part of its remarkable growth. www.reimag.co.za Tony Clarke Managing Director Rawson Property Group Jenny Ellinas Managing Director Cypriot Realty We are already seeing in SA, funds are being drained from the emerging markets and taken back to the US. SA will suffer, but in the not too distant future we will all benefit from the US’s improved ability both to step up imports and to invest more abroad as they did previously and the local housing market will benefit from this. The Cypriot government announced at the end of March that they have revised their Citizenship by Investment programme, making it the quickest and most cost-effective way to get an EU passport ( which are issued between two to three months of making the application) for a whole family including adult dependent children up to the age of 28. REALE ESTATE BUSINESS DIRECTORY May 2014 SA Real Estate Investor 55