Real Estate Investor Magazine South Africa Real Estate Investor Magazine - April 2017 | Page 43

OFFSHORE
HOW MUCH RISK IS RIGHT?
DOUGLAS DRISCOLL
CEO, STARR PARTNERS
“We know that the current affordability crisis is
a matter of simple economics – demand heavily
outweighs supply. Foreign investors are only
exacerbating the problem by buying properties
and leaving them vacant…”
www.reimag.co.za
NICOLE DOUGLAS
WEALTH MANAGEMENT ANALYST, GLOBALDATA.
“Residency-by-investment programs should
be designed so that they are of benefit to the
investors and the country for which the program
is offered. At the same time, many HNWIs care
about how the money they’ve invested is used
beyond the process of granting residency. With
a number of residency programs available,
investors are likely to favour those that can have
a meaningful and positive impact on the country
in which the residency is offered.”
YVONNE SIEW
EXECUTIVE DIRECTOR, CBRE GLOBAL CAPITAL
MARKETS
“With more scrutiny on cross-border capital
flows and rigorous checks by the government,
which may lengthen the approval process,
Chinese outbound real estate investment may
moderate, gathering at a more sustainable rate.
Instead of larger transactions, Chinese investors
may simply opt for a higher number of smaller
deals.”
APRIL 2017 SA Real Estate Investor
39