South Africa-Emerging Market?
Good day to all
This is my second post, 1st one being my intro hello!
Apologies if this matter has been discussed before but I'm curious to know:
Do the American and European property investor see South Africa as an emerging market?
(To qualify my question. As a 43 year old South African I see our beautiful country as a mixture of 1st and 3rd world. We have infrastructure in our major cities equal and better that in most countries in the world. Currently we are preparing for the World Cup Soccer in 2010. Our banks are perhaps better of than most European and American banks at his moment, and 15 years post apartheid era, our country is still growing strong, despite the usual politics and issues a young democracy may suffer. We have beautiful and clean beaches, abundant wildlife(and NO, they do not roam around loose in our streets!) )
My second questions is, do you or have you ever thought of investing in real estate in South Africa, especially with the strong Dollar/Euro/Pound to the Rand?
Hope it make sense, and I'd love to hear your comments!
Cheers
Fritz