Ryk Neethling, marketing director of Val de Vie in the Cape Winelands, estimates that demand from returning SA expats contributed to price increases of 20% to 25% year-on-year at the estate.
A
growing group of expats is returning to South Africa, and buying homes in luxury
estates, property groups report.
For
example, between 10% and 15% of enquiries at the Val de Vie estate near Paarl
in the Cape Winelands are from South Africans who have spent a significant time
overseas or foreigners.
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