Knight Frank sees huge potential in the South African Property Market

06 May 2013

<p>On the back of the recent global residential conference held by<strong> Knight Frank </strong>in London, where the percentage of sales in some high net worth areas was discussed, Anne Porter Properties see the fact that South Africa&rsquo;s foreign buyers currently represent 3,5% of the total residential sales market as a huge opportunity for SA to market itself to the super-wealthy of the world, said Lanice Steward, managing director of Anne Porter Properties.</p> <p>&ldquo;Our challenges are the current fear of security and the economic and political climate of South Africa. There has been a downturn of foreign buyers coming out of Africa into SA and this emphasises the fact that there is a need to market South African residential properties as second homes or investment opportunities,&rdquo; she said.</p> <p>Knight Frank has realised their potential, given their strong representation in Africa, in nine major countries so far, said Steward.</p> <p>Although the declared immigration statistics might have come down because of the adverse international climate, this has to be weighed against the realities of the global world we live in, she said.<br /> &nbsp;</p>