The recently published Africa Wealth report for 2022 by New World Wealth has revealed which countries and cities on the continent are home to the highest number of high net worth individuals - 4 South African cities feature in the top 10.
Global factors fuelling a spike in foreign investment in Constantia
21 Apr 2022
After two years of Covid being the main driving force behind property investment decisions, the war in Ukraine has added a new dynamic which is now also fuelling the increase in foreign investors in Cape Town’s upmarket Constantiaberg region where international sales have doubled in recent months.
The Covid pandemic has been an enormous boost for the property market with low-interest rates and favourable mortgage conditions driving many areas to the highest sales in five years and record highs across many neighbourhoods according to the Seeff Property Group.