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Improved fortunes for South African market

British investors looking for overseas property away from popular European investment destinations have given a boost to the housing market in South Africa.

With improved tourism and bargain properties available, increasing numbers of UK buyers are considering a place in the African sun.

Heath Adamson, of developers International Property Solutions, said that the traditional investment patterns had changed in recent months.

"Predominantly, our market is to South African expats that are living and working in the UK, but we have seen an upturn in British buyers all looking further afield than eastern Europe and to emerging markets elsewhere," he said.

"There has been a take-up in South Africaâ¦the majority of buyers are looking to the Cape: in the Western Cape and Cape Town specifically. We have seen an upturn in the last two or three months in that region."

Mr Adamson's comments follow recent reports of a 14 per cent growth in tourism to South Africa in the past year.

Moeketsi Mosola, chief executive officer of South Africa Tourism said on Saturday 12th May that the figures - ten per cent greater than the worldwide growth rate - showed that the country was "gaining the market share internationally".

He added: "Tourism continues to bring in revenue which is greater than that of gold."

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