According to the FNB Property Barometer the impact remains unchanged at four percent. The report does look back at the hay days of 2008 where these investments comprised 20 percent of the market. It is safe to say that such peaks will not soon be repeated.
"That being said four percent may sound low but, one must keep the domino effect in mind, today’s sellers are often tomorrow’s buyers," says le Roux.
As such South Africa isn’t set to become another Mallorca where over 60 percent of properties are not owned by local Spaniards but by other nationalities. But, it does seem that the local property market could only stand benefit from British pensioners moving here.
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