The entry point for South Africans buying property in Europe is lower than you think – these countries offer the best options

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A strengthened rand, coupled with pressure on major currencies, arguably provides the best time for South Africans to invest offshore, especially in property, say Andrew Rissik, managing director, and Megan Copley, director, Sable International Offshore Property.

Now is a good time to buy into the European market with the rand performing well and interest rates remaining low. Good temporary rand strength, driven by uncertainty in the East, is putting pressure on the so-called ‘hard currencies’ and we’re seeing a run on commodity prices, all of which is Rand positive.

Portugal is a great place to invest; an investor or a purchaser can buy a golden visa or the route to a golden visa. This is different; you can actually invest in property regardless of the option of a passport to European nationality. Property in Portugal is a safe haven, and they have just had an excellent tourism rating. Lisbon is an Alpha city of Europe attracting tech nomads.

The UK property market has always remained one of the most stable. Even though there have been dips in property prices, there has been an overall rise year-on-year in those prices. Although there was a period during the recession when property prices came down, they are way up on those previous crash prices again.

 

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