The results of a recent survey on where South Africans choose to invest.
A recent survey on where South Africans choose to invest reveals that 28% invest in local property, and 3% in property offshore, while almost half (45%) have no money in any investment assets at all.
The global investment trends survey was commissioned by property investment firm IP Global and conducted by YouGov. Over 1,000 online South African adults were asked what investment assets they held, as well as their preferences and key concerns when it comes to investing in overseas real estate.
When asked to pick where they would consider investing in property abroad from a list of eight locations, the majority of South Africans chose the UK (36%), the US (34%), and Australia (29%).
Commenting on the results, George Radford, Africa Director, IP Global, says: “The United Kingdom remains a favourite for South African investors who are looking to pockets of value in outer London and to ‘Northern Powerhouse’ Manchester where property prices are expected to grow by 26.4% between 2016 and 2020. In the United States, Chicago is emerging as a major city to watch with average yields of 7.9%, while in Australia we’re still seeing huge amounts of interest in Melbourne and Brisbane.”
This article originally appeared in Neighbourhood, Sunday Times.
