South Africans Buying Property Abroad
June 5th, 2008
The housing market world wide is in flux. Many local markets are in a very precarious position. United States home prices are currently the lowest in thirteen years. The most dramatic drops in United States home prices are on the east coast, in Miami, Florida and in San Diego, California on the west coast. South African real estate agents are now offering it’s citizens bargain basement prices on properties abroad, as the South African housing market is also in a slump. Major South African banking institutions are now offering mortgage SA packages for those purchasing property in other countries and also for foreigners wishing to purchase property in South Africa.
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