in South Africa in the last year. Of the 280,395
properties transferred, nearly 8,600 were registered to foreigners.
Foreigners were buoyed by peaceful general
elections and the depreciation of the currency,
making the country more attractive to Britons
and Continental Europeans.
Foreigners own nearly 7% of land in the country,
according to government estimates. Foreign
homebuyers are also coming from Cameroon,
Nigeria, Zimbabwe, Angola and Mozambique.
Brazilians buying up property In
the United States
Wealthy Brazilians, frustrated by increasing
crime, corruption and a stagnant economy at
home, are turning to the United States for real
estate investments, property professionals
say. Inquiries from Brazil are surging in several
American cities, including Miami, Orlando,
New York and Boston.
The increase in interest in the U.S. was particu344
larly pronounced after the re-election in
October 2014 of President Dilma Rousseff.
It is estimated that three million Brazilians
now live abroad, with about one-third of those
living in the U.S.
Most of the interest is coming from wealthy
Brazilians from Rio de Janeiro and São Paulo
seeking a safer haven for their capital.
European banks put to the test —
one of five fail
One out of five European banks failed to make
the grade when Europe’s banking authority
investigated whether they could withstand
another financial crisis. While all the major
banks passed, some banks in Italy, Greece,
Portugal, Cyprus, Ireland, Austria, Belgium and
Slovenia failed the “adverse scenario” to which
they were put.
The results showed, at least, that European
banks are in relatively better shape than they
were when last put to the test in 2011.
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