Russians Arrive on South Africa's Luxury Real Estate Market
CAPE TOWN, South Africa — Nestled incongruously in the hill overlooking a sheltered cove, dusted with white sands and lined on three sides by mountain peaks, looms a 20th-century castle.
African elite snapping up prime SA properties
A GROWING number of buyers from elsewhere in Africa are snapping up properties in upmarket South Africa suburbs, some paying as much as R32-million for houses.
Foreign buying of property on the increase
Foreign buyers purchased almost R6,5 billion worth of property in SA last year - and not all of it Cape Town or Johannesburg.
Foreign buyers eye Stellenbosch lifestyle farms
THE CONTINUING weakness of the rand against major international currencies is encouraging foreign buyer interest in lifestyle farms in the Stellenbosch area, according to Chris Cilliers, Lew Geffen Sotheby's International Realty principal for Stellenbosch.