A look at the Cape Town property market.
I really do not think it is time to invest in property market especially with malema intending to take the land! Any foreigner in this country is better selling if he can and take the money out of south africa as as soon as possible.
Will the Stormers winning the Super 15 have any impact on the Cape Town property market?I suspect many Blue Bull supporters will be moving to Cape Town just to be able to support a winning team again.
I will never forget my fathers' words when I was a boy many years ago, way before 1994.It was a statement that shocked me, and has remained with me ever since. It went exactly like this:"There will come a time when it will become globally acceptable, and politically correct, for stronger, smarter nations , to re-colonialise Africa without being ostracised.
@last anon. I think "stronger, smarter nations" have had their fingers burnt too many times in Africa to waste their time trying to drag this continent into the future whilst being blamed for all it's ills. The only reason they still bother in places like Libya is purely oil related. There are no human resources in Africa worth acquiring or colonising.
I suspect the Chinese will bit by bit acquire Africa's mineral wealth - and when the Africans suddenly realise one day that they have been colonised by stealth, if there is any resistance then the tanks will roll. And the global policeman of the past, the USA, will be in no position to intervene.Goodbye unions, goodbye human rights, goodbye democracy ... people will remember with affection the benevolent colonial powers of yesteryears.
About two weeks back the Royal Carlisle went on auction:http://www.claremart.co.za/news/claremart-hosts-biggest-liquidation-auction-this-year-in-western-capeLast week I spoke to a would be property developer who had purchased three adjacent properties in order to demolish them and build flats. The bank has mandated the sale of all three.L.S.
Claremont is ok if you live and work/study in the area. Otherwise it's a traffic nightmare getting in and out of. I wonder if city planners ever consider the huge influx of people when a new block of flats is built or converted.Hopefully they will be affordable units and not the usual starting at R1.5m for a bachelor nonsense like during the boom.
@ CJUSA would never intervene in such a case anyway. Statistically USA would be more likely to overthrow our government, give the new puppets lots of CIA backup and torture training and loot this country until it looks like Haiti all over.
As for property prices and foreign buyers getting scared off, maybe Malema is about to become my best buddy. This nationalism vibe feels kinda good, I can see why its been so popular around the world.
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