| MORE ON SOUTH AFRICA AND THE REAL ESTATE MARKET |
South Africa has the most sophisticated free-market economy on the African continent. This also serves as a summary of it's healthy real estate market.The country represents only 3% of the continent's surface area, yet it accounts for approximately 40% of all industrial output. About 75% of South Africa's economic activity occurs in the four main metropolitan areas (which together represent about 3% of the total land area) namely Johannesburg, the Durban in KwaZulu Natal, Cape Town, and Port Elizabeth in the Eastern Cape.
The country's industrial economy has an established infrastructure and economic base with great potential for further growth. It is also a gateway for investment into Sub-Saharan Africa and since 1994, SA's trade with and investment in other African States has increased significantly. The property sector has proven to be just as healthy! |
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