With the property values in South Africa underneath extreme pressure, more property investors are looking for opportunities outside our borders, says Andrew Thompson, Development Director at eLan Property Group.
“A normal property bought in South Africa five years ago for R 4. 5 million is now selling at R5.5 million, making it a 22% increase in capital boom over the period.
A house purchased in Mauritius 5 years ago at R4.5 million is now fetching R16 million – that is a 255% capital growth,” says Thompson.
However, Thompson warn potential investors there are many factors to remember in assessing opportunities outside South Africa:
- Owners should consider availability of countries, making sure that the properties are easily accessible. This comprises factors like being near to an airport or highway.
- The language is often a problem. Investors might search for a country where English is the principal language.
- Investors opt for second citizenship or everlasting residency options because the enchantment which ends up in capital growth and investments.
It’s critical to consider what countries permits visa-free access and brings an extra value on your passport.
- Permanent residency seems to be an attraction to many South Africans, for the greater protection in terms where you may live in future.
- Residency begins at the R2 800 000 mark in various countries around the world
- The most important motive force in another country is your home title, ensuring you own 100% of the property.
Thompson advises that foreign investment involves capital flows from one country to another, granting sizeable ownership stakes in domestic companies and property, saying it approach foreigners have a lively role in management as part of their investments.
According to Thompson Mauritius is an amazing option regarding property investments, due to the accessibility, economic balance, growth of assets values.
- In Mauritius, month-to-month costs continue to be low, it will be easy to control and your return on investments must be in extra of your normal rates.
- You will open a bank account and your trust account operates the company within the country.
- As a proprietor, you could open an enterprise in Mauritius and that could take up to 2 hours.
- You can register your property in your own name which will take a minimum two days.
“Investing in Mauritius you’ll secure a safe environment to stay in a country with 3% unemployment rate. It may be beneficial and rewarding to invest for properties in eLan Properties,” says Thompson.
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According to Thompson Mauritius is a good option with property investments, because of the accessibility, economic stability, and growth of property values.
- In Mauritius, monthly costs will remain low, it will be easy to manage and your return on investments should be in excess of your normal rates.
- You will have the ability to open a bank account and your trust account operates a company in that country.
- As the owner, you can open a company in Mauritius and that can take up to two hours.
- You can register your property in your own name which will take at least two days.
“Investing in Mauritius will secure you a safe environment to stay in a country with 3% unemployment rate. It will be beneficial and rewarding for you to invest in property in eLan properties,” adds Thompson.
For more information on property investments or if you plan on owning a property, join the eLan Investor Club and weekly receive property investment tips: www.elaninvestor.com and visit their social media on Facebook (@elaninvestor), or Instagram (@elaninvestor).