Christie’s Real Estate - BRIC countries a platform for future growth

BRIC countries have been identified as one of the world arenas of future growth for US$100-billion sales a year Christie’s International Real Estate – the London-based global luxury property arm of the world’s largest and oldest fine art auction house.

According to Chief Marketing Officer Ben Phillips, Christie’s will “look for future growth, with a focus on bi-directional referrals, in Asia, Europe and the BRIC countries.”

As a member of the BRIC community, and given the economic growth explosion in Sub-Saharan Africa, South Africa could play a key role in that process says Ronald Ennik, CEO of Johannesburg-based Ennik Estates, the exclusive affiliate in Gauteng of Christie’s International Real Estate.

“Debt-burdened developed countries have lost their investment lustre. As a result, wealthy people globally are looking to invest money in economies with solid growth forecasts.

“South Africa and the rest of Sub-Saharan Africa fall into that category – so there is no reason why we shouldn’t attract increasingly sharper international investment focus in the future,” says Ennik.

“The most recent Rapid Growth Market report of Ernst & Young’s Africa Business Centre has reportedly forecast that Sub-Saharan Africa will be the second fastest growing region in the world over the next decade.”

“Meanwhile, the sharply lower budget deficit and prudent financial policies reflected in South Africa’s R1-trillion national Budget for 2012/13 (delivered by Finance Minister Pravin Gordhan in Parliament last week) will reinforce the growing positive perception of our country as an attractive foreign investment destination …not least in the residential property field,” Ennik concludes.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
    • 22 Nov 2017
      While sales have noticeably slowed in most sectors in most Cape town suburbs, the security estate sector in Constantiaberg has bucked the trend by remaining buoyant, with sales by August this year already surpassing total sales in 2016.
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
    • 21 Nov 2017
      When an offer to purchase a property is signed by both buyer and seller, this constitutes a binding agreement or “Deed of Sale” between the two parties. However, in most cases the “standard contract” might not be enough to cover all the specifics pertaining to the sale. The agreement may require some additions or alterations to clauses, which needs an expert hand in the drafting of such
    • 21 Nov 2017
      As more and more South Africans look to invest in property abroad, Spain is offering them one of the best deals in global real estate.
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us