With the Rand Low, Property Buyers Can Cash In
Anyone sitting in London or Ottawa, Canada, or Scandiinavia – well, anywhere with a colder climate right now – might be thinking of sunnier climes. With the rand hitting its lowest level ever against the US dollar, consider what these properties on offer in Johannesburg and Cape Town this weekend could be bought for in foreign currency. […]
Anyone sitting in London or Ottawa, Canada, or Scandiinavia – well, anywhere with a colder climate right now – might be thinking of sunnier climes. With the rand hitting its lowest level ever against the US dollar, consider what these properties on offer in Johannesburg and Cape Town this weekend could be bought for in foreign currency.
Oh yes, and for anyone contemplating real estate in KwaZulu Natal, the seaside town of Umhlanga seems to be on a roll (see video at end).
A six-bedroom house in Northcliff, Johannesburg, R9,999,000 ($706,000 or £468,739)
Upper Constantia, Cape Town, views, views, views, R14.5 million ($1.02 million, £679,740)
Tamboerskloof, Cape Town, six bedrooms, R27 million ($1.9 million, £1.26 million)
Much of what is Umhlanga today, as this video says, was until recently sugar cane fields.
Property ads above from Pam Golding and Seeff.