Why Is No One Buying This Fantastic Opportunity?

Back in June we spotlighted this house for sale for R1 050 000 (and renting for R4500, with 5% ROI), with the ad claiming that the property price would double in less than four years. Of course we wondered why anyone would sell such a fantastic investment returning 25% per annum. Well guess what, it's still for sale. I wonder why no one is buying. That 25% growth is in the bag! And with that R4500 rental income you'll only be losing R65 000 a year with 20% downpayment.