Real Estate, The Business That Gives You a Real Genuine Status in Any State, South Africa Included!

According to the University of Oxford’ Saïd Business School, ‘real estate makes up around 50% of the world’s assets and it is crucial to the success of global economies and societies’ — http://bit.ly/40tGJeF.

It also adds that ‘in the turbulent global financial markets, an understanding of real estate is vital for senior executives, investors and policy makers worldwide’ hence the reason why it offers its Oxford Real Estate Programme targeting fund and wealth managers as well as endowments and sovereign wealth funds among others.

More-so, in their article titled, The Rich List: Who Made Their Fortunes Through Real Estate? Bricksave reveals that a significant number of billionaires in this world derive their wealth from the real estate business.

“Plenty of people have profited massively from real estate in the past, and this trend continues to this day: twenty-two of the newcomers to the 2016 Forbes Billionaires List owe their fortunes to real estate, while many other veterans of the same list also got their place thanks to their property interests” — https://bit.ly/40zv91u..

In this case, information cited from both the University of Oxford’ Saïd Business School and Bricksave helps us to see that real estate is an important type of business that can give you a real genuine status in any state where you may choose to live in this world.

Even though real estate is a profitable global phenomenon, there are some countries which seem to attract investment better than others based on various reasons including political stability and corporate governance etc.

One such country is South Africa, which is among the best economies in the African continent.

People who want to participate in South Africa’s lucrative property industry may choose to either buy and sell properties, start construction companies or invest in JSE listed infrastructure related businesses even though they may be foreign nationals.

Yes, this is possible and legal, as long as it’s done legally!

For example, based on his property ownership experience in the United Kingdom and other countries, Hopewell Chin’ono, an award-winning journalist from Zimbabwe has on numerous occasions shared tips and benefits of investment in properties especially in countries like South Africa.

Hopewell Chin’ono (left), Pam Golding Estate Agent (Right)

Concerning the South African market, he said, “If you are not securing your future in property using the financial tools available to you today, like mortgage bonds which are available in countries like South Africa, you only have yourself to blame.

I first had an interest in buying a home in South Africa in 2000 when I saw a home advertised for sale in Centurion on a real estate website. Just like in Zimbabwe then, there were mortgages.

Today, mortgages remain available in South Africa for both South Africans and foreign nationals who meet the criteria.” — https://twitter.com/daddyhope/status/1798721233120292947

More-so, Ash Muller, a prominent South African real estate broker has been a consistent source of information about various property developments in the ‘Rainbow Nation’ especially in places like Cape Town where property prices either for purchase or rentals has been on the upside for some time.

Ash Muller (@askashbroker)
Besides insights from Hopewell Chin’ono and Ash Muller concerning the property landscape, there are also many other players in this sector who continue to shed light on the gaps that can be filled by those with an entrepreneurial spirit and mindset.

For example, in their property write-up titled South African Affordable Housing: Challenges & Solutions (https://bit.ly/4gakMqX), ESI Attorneys, a Cape Town based legal services firm predominantly active in the property sector says that, ‘collaborations between the government and private developers are key to addressing the housing shortage.

By combining public sector land and resources with private sector expertise and efficiency, affordable housing developments can be accelerated. These partnerships can also help bring down the costs of building and allow for quicker delivery of homes.’

Over the years, South Africa has continued to have massive construction works, including residential and industrial projects sprouting all over the country thus raising the demand for both financial and human capital resources from both local and foreign investors.

South Africa’s Home Affairs Department currently lists several construction industry qualifications among the dominant critical skills which the country is looking for even from other countries, thus giving a glimpse into to the real estate status in the country.

The list of construction industry related skills currently on demand in South Africa includes Architects, Quantity Surveyors, Civil Engineers, Town Planning Technicians, Draughtspersons, as well as Urban and Regional Planners.