select
|

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
  
2000
Characters remaining


    Latest Property News
    • 18 Jun 2018
      Many home sellers are motivated to appoint estate agents because they know that the agency will carry the costs of advertising and marketing their property.
    • 18 Jun 2018
      When a property is sold when it has a tenant in occupation, the questions often raised are: “What happens to the tenant if the landlord sells the property?”, and what rights the tenant will have with regards to cancelling the lease or enforcing it, says Sunell Afrika, rentals manager for SAProperty.com.
    • 18 Jun 2018
      Sellers are often caught off-guard by the expenses incurred in the selling of a property. Just like there is no such thing as a free lunch, there is also no such thing as selling your property without incurring at least some costs.
    • 15 Jun 2018
      The second quarter of 2018 has proven to be the turning point for Midrand’s real estate market, especially the upper end which started to waver towards the end of a tumultuous 2017 with a notable drop in both sales and average selling prices.
    • 15 Jun 2018
      According to data recently released by FNB, the average age of a South African home buyer has increased from 38 to 44 this year. In an attempt to help first-time buyers enter the market sooner, Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, walks us through the steps of saving for your first home.
    • 15 Jun 2018
      Putting your house on the market can be a stressful process. There are so many decisions to make that will impact how quickly your house is sold and for how much you can sell it for. It’s a serious money game where you can’t afford to make the wrong decision.
    • 14 Jun 2018
      The word tourist describes someone who is visiting South Africa for a limited time and is probably not going to buy a property here – so why is the tourism industry so important to the real estate sector?
    • 14 Jun 2018
      Serengeti Estates has entrenched its status as one of Johannesburg’s most desirable addresses for a spectrum of homeowners with its launch of The Signature Residences, a new cluster village.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK