In 2005, the South African property market was the fastest growing market in the world. Although, there has been some degree of caution by investors since then - mainly due to the recent hike in interest rates. With policies to encourage inward investment, investors are now looking at the long term view, especially the hosting of the 2010 World Cup, which should boost property prices. The market is simply profiting from the splendors that its natural landscape and ideal placement offer. The real estate sector continues to be robust despite a predicted worldwide softening of the property markets. As long as the South African government continues to support the revitalization of its cities then the short to mid-term prospects for the South African property market will be very good.
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 Aspect, Cape Town The ongoing upgrading of Muizenberg and its surroundings is said to be generating R2 billion worth of development over the next four years. The seven storey crescent shaped block called Aspect is contributing to this boom in Cape Town massively.
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