Property Development Projects in South Africa

The skyline of the Deira side of the Creek is continually changing as modern buildings reach for the sky. Doors are also a feature of Arabian architecture. This is a line taken out of one of the many publications of Dubai. When you think of world class property developments you think of Dubai where new and old Cityscapes became one. Dubai is a perfect example of a fishing village on the Shindagha Peninsula at the mouth of the Creek, turned into a modern wonder.

Development is part of the modern world. From the timeless tranquillity of the Karoo, to the lively bustle of V & A Waterfront, from rugged mountains to lush green parks, from small town villages to Sandton Square… the opportunity for new development never seems to fade.

South Africa is an economic business centre, and Johannesburg has often been described as the New York of Africa. The 2010 World Cup will be hosted here and the influx of tourists will increase. South Africa is a land of contrast and with its Rainbow nation it is indeed a country with a cosmopolitan society and an international lifestyle.

Above all, South Africa is a country of trade. It is this commerce that has brought the connection between different cultures, even since the days of when the Settlers arrived in the Cape of Good Hope.

Since the ban of apartheid, the world became an oyster for developers in South Africa. The latest property boom opened many doors and property developments flourished.

With high transfer fees, new developments seem a haven for buyers low on cash to cover the transfer fees. In a country, where crime became a highlight on the daily calendar, new developments offer a form of security to home buyers as well.

Developments in all styles and forms are on offer. From small bachelor apartments for single occupants to large four bedroom homes are available as Cluster type living. Community living with common pool, sauna, and spa and sport facilities has become the order of today.

Many buyers are going for the buy-to-let option. This remains a lucrative proposition, however guidance is needed from a good qualified local estate agent regarding the re-sale of the property and future value.

Buying into a new development has it's challenges and buyers should be cautious. Every Fine and Country licensee will be able to assist potential buyers and guide them through the pitfalls of buying into a new development.