The research is titled: 'The 12 rising cities'; and has identified the 12 future cities across the globe for real estate. The report states that prices in these rising cities are generally much lower than in the world cities, which make them more accessible and attractive to yield seeking real estate investors.
"South Africa is a beautiful country with many regions that are prime spots for property development. Foreign investors are paying a lot of attention to the South African property market. I believe the opportunity for capital growth is excellent," explains Margie MacKenzie, Director of the Cape Waterfront Estates in Hout Bay and Camps Bay.
"The Cape Town property market is very good at the moment as both local and international buyers are snapping up the well-priced opportunities," elaborates MacKenzie.
Beyond the economic elements, the report identified certain other characteristics that add to the appeal of these cities, such as the presence of new tech industries and financial centres and favourable conditions for international companies. The research explains that demand for investment opportunities in both traditional and rising markets is very strong. Real estate fundamentals are improving with the global economic outlook and deal volume is picking up.
"Property on the Atlantic Seaboard sells very well, if priced correctly, and with Cape Town's recognised beauty, the World Design Capital of 2014 and only a short flight from Europe it's a fabulous place to have a holiday home," advises MacKenzie.
The report finally explains that prime real estate in many premier cities has become more fully valued, emboldened investors are now spreading their wings and looking for high yielding secondary properties in those cities as well as starting to consider the value of second-tier cities in counties with strengthening economies.
