Portugal\u2019s Golden Visa program is very popular among wealthy South African investors seeking the dual benefits of attractive investment real-estate opportunities and permanent residence in the EU along with accompanying travel privileges and other benefits.<\/p>\n
Around 100 South African investors have, till date, acquired properties in Portugal that either meet or exceed the minimum requirements of the Golden Visa program with preference for Lisbon, Estoril, and other areas where numerous redevelopment projects are being executed.<\/p>\n
Apart from Portugal, the UK is another popular destination for South African investors. There are around 400,000 South Africans in London, which also boasts of a vibrant real estate market.<\/p>\n
Real estate remains the preferred option for wealthy investors seeking an asset class that is relatively protected from economic shocks. Further, permanent residence offers better prospects for study and work for their children.<\/p>\n
Foreign markets are preferred due to lack of competitive returns in the domestic market for South African buyers. National property inflation was at just 5.8% over 2015 even as certain regions like the Atlantic Seaboard and Western Cape witnessed increase of 25% and 8% respectively in real estate prices.<\/p>\n
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