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Historically South Africa has been one of the most controversial countries in the world, although times have changed and great progress has been made. Cast into the wilderness by many unions around the world, the authorities were forced to make changes and improve their record on internal disputes. South Africa is very much back on the world stage, and while there is still much to do, especially in the rural areas, both the economy and the property markets have shown great strength over the last few years. |
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The South African property market has perhaps been the biggest benefactor of the country’s return to the world stage. There has never been any doubt that the country offers some of the most varied and beautiful landscapes and cultures in the world. It is perhaps this potent mix of different cultures which has been the source of the country’s troubles. |
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While there are no restrictions on the foreign ownership of South African property , all of the relevant paperwork needs be completed prior to completion, and a local representative appointed to oversee the transaction. For those looking to acquire property in the country and also live there, the relevant residency application will be required in order to keep everything above board. |
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While it has taken some time for South Africa to regain the reputation it lost in the troubled times, there are signs of a real interest in the country (and more importantly the property market) from overseas investors. It is essential that the authorities continue their investor led policies which are opening many new doors for country, and bringing in more and more overseas investors. |
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