Luxury Houses for Sale in South Africa | Fine and Country SA

Now is the time to look at luxury houses for sale in South Africa

 

For decades, property has been a very profitable investment in South Africa, mostly delivering returns consistently above the inflation rate. Of late, the market has seemed to cool down slightly, with growth happening at a slower pace and more luxury houses for sale spending a few more weeks on the market on average before being snapped up.

As can be expected, this perceived market stagnation has prompted some buyers to wonder whether the South African property market has hit a ceiling and whether it is still a good call to invest in upmarket property in South Africa given the current market conditions.

If you are in the process of browsing luxury houses for sale and have been asking similar questions, the overall consensus is that the outlook is positive. Now is a good time for buyers to act. Here are some of the reasons why:

  • Slow economic growth has put pressure on the budgets of many local buyers in South Africa, due to the rising costs associated with everyday expenses and stagnation of the job market. This has led to luxury houses for sale remaining on the market for longer than usual, resulting in many sellers dropping the asking price on their properties to speed up the sales process. If you thus have the funds available, you can currently buy premium properties at excellent prices.
  • The current economic climate also plays very well into the hands of international buyers. Currently, the rand exchange rate is very favourable for those who are in possession of foreign currency. The foreign exchange rate, coupled with dampened asking prices for luxury houses for sale, makes investing in property in South Africa a very appealing prospect.
  • In most territories across the globe, election years often put a slight damper on new investments, especially private property sales. South Africa is no different. This was evident in the local property market during 2019, especially regarding activity surrounding luxury houses for sale. With the elections behind us and the resulting positive attitude surrounding the election of President Cyril Ramaphosa, there is renewed interest in luxury houses for sale and investing in South African properties.
  • South Africa is a very beautiful country, and is often named as one of the top destinations for travellers. With a wide variety of attractions and beautiful landscapes, it is a dream destination to settle down in. Major urban areas, such as Cape Town and Johannesburg, are still showing robust growth in terms of property development and construction, which means that there is currently a surplus of excellent properties on the market, further leading to competitive prices when it comes to luxury houses for sale. As more and more investors realise the current optimistic outlook and the potential of the property market for buyers, this will once again balance out, leading to a more robust market where sellers can start increasing their asking prices again. Thus, the time to act to secure a bargain price is now.

 

If you are currently considering acquiring property in South Africa and recognise the optimistic opportunities presented by the current market conditions, be sure to contact the expert agents at Fine & Country South Africa. As an internationally recognised estate agency, we have successfully assisted many top-end clients in securing their dream properties and achieving their desired outcomes, and we can do the same for you. Armed with our very specialist national knowledge of this specific market, and with our focus on the premium part of the market, we will gladly take you through our extensive portfolio of luxury houses for sale and guide you through the sales process with ease.

 

DISCOVER MORE ABOUT FINE & COUNTRY

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MULTI-AWARD WINNING


Our consistent efforts to offer innovative marketing combined with a high level of service have been recognised by the industry for an astounding fifth year in a row, winning Best International Real Estate Agency Marketing at the International Residential Property Awards.

INDEPENDENT EXPERTISE


Every Fine & Country agent is a highly proficient and professional independent estate agent, operating to strict codes of conduct and dedicated to you. They will assist, advise and inform you through each stage of the property transaction.

GLOBAL EXPOSURE


With offices in over 300 locations worldwide we combine the widespread exposure of the international marketplace with national marketing campaigns and local expertise and knowledge of carefully selected independent property professionals.

UNIQUE MARKETING APPROACH


People buy as much into lifestyle of a property and its location as they do the bricks and mortar. We utilize sophisticated, intelligent and creative marketing that provides the type of information buyers would never normally see with other agents.

PARK LANE OFFICE


Access the lucrative London and international investor market from our prestigious Park Lane showrooms at 121 Park Lane, Mayfair. Our showrooms in London are amongst the very best placed in Europe, attracting clients from all over the world.

Our International Network


Connecting offices on over 300 locations worldwide, our referral system combines local knowledge and expertise with an international network to find the right buyer for you wherever they are, at the same time as finding you your ideal next move

Our International Websites

United KingdomFranceHungaryCyprusGermanySpainPortugalMauritiusHong KongThailandNamibiaNigeriaSouth AfricaAustraliaFloridaZimbabwe

SOCIAL MEDIA

We interact with customers on the main social media channels including Facebook, Twitter, YouTube, LinkedIn and Pinterest, giving each property maximum online exposure.

 

Media Centre


MEDIA CENTRE Our internal Media Centre is a team of experienced press relations managers and copy writers dedicated to liaising with newspapers, magazines and other media outlets to gain extensive coverage for our properties in national and local media.

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Fine & Country Foreign Exchange


We have partnered with IFX, one of the world’s leading foreign exchange specialists to provide private and tailored currency services for all of our clients buying and selling luxury property around the world. Find out how we can help »