Nigerians have been ranked amongst some of the top foreign
buyers of choice properties throughout different parts of South Africa, who are
particularly focusing on developing areas rather than the major regions of Cape
Town, Durban, Johannesburg and Pretoria.
For example, Nigerians alongside other foreign buyers
purchased around 670 properties worth approximately R800million in Kwazulu
Natal and 260 properties worth approximately R23million in the Eastern Cape. It
has been revealed that there is a growing trend amongst the said foreign buyers
towards purchasing properties in South Africa as an investment, rather than for
personal use.
