Suza Orman Buys Property in South Africa

The information in this article is courtesy of iAfrica (Orman Invests in SA - 3 April 2009).

Do You Need Any More Proof?

World-renowned finance guru, Suze Orman, recently invested in a property in South Africa. She picked an apartment in the posh suburb of Northcliff in Johannesburg to add to her property portfolio.

This highlights the fact that the South African property market – especially at the upper end – has loads of growing investment potential - and it stretches further than Cape Town and the Atlantic Seaboard.

Orman says her motivation for buying in Johannesburg is simple – location. According to Lew Greffen, chairman of Sotheby’s International Realty in South Africa, the city of Johannesburg has been attracting investors for quite a while as they see this area as the real gateway to potentially lucrative South African and African markets. Cape Town, on the on other hand, is where the money goes on holiday.

Greffen explained that property in Johannesburg’s upmarket suburbs are also very affordable if you are buying in pounds or dollars and property here and unlike the ones in Cape Town and the Atlantic Seaboard, has and increasing rarity premium

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