Cash Clinic offers a practical approach to solving your international investment queries. This month, we focus on buying property in South Africa, with comment from Nick Fullerton
Q: With the World Cup coming up in 2010, I am thinking of buying in South Africa. I know there are rules/restrictions about repatriating funds - what are the legal ramifications and hidden costs of property purchase, and also, what about the ever-moving rand? A: Nick Fullerton, managing director of FC Exchange, writes: It's a great time to buy in South Africa - the pound is strong against the rand, property prices gained 12% in the year to November 2007 and the Football World Cup is scheduled for 2010. But how can you maximise your investment if the market moves in your favour without mis...
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