The most conservative and promising tool for earning money

[sadiksojib35]

Real estate in South Africa, in my opinion, is real estate. The market here is not overheated, but on the contrary, it is stagnating.

But in some locations, the real estate market has begun to grow. We are talking about Johannesburg (the business capital) and Cape Town (the tourist capital). These two cities lead in the number of jamaica telegram database millionaires on the entire continent.

Cape Town with its comfortable climate (+15 in winter and +25 in summer) is popular with seasonal millionaires, those who come for several months from the northern winter to the southern summer. This city is often called the "new Monaco". Show business stars buy residences here. Hollywood films are often shot here.

The entry threshold in Cape Town is not very high: a square meter here is on average twice cheaper than in Moscow. At the same time, rental rates are almost the same.

Long-term rentals bring in 8-12% per annum on average. But in coastal areas, short-term rentals are more profitable. If you take into account the increase in the value of the properties themselves, you can easily count on 20% per annum.

Investments in hotel real estate and development are promising. In this case, a serious approach is needed. It is important to have information: how the city will develop, which areas will be built up, which apartments will be rented to employees of large companies, and so on. Knowing such nuances in development, you can increase your capital.