Foreign property buyers surge as young buyers fade
About this episode
The episode discusses the surge in foreign property buyers in Cape Town and the decline of young South Africans purchasing homes.
Stephen Grootes speaks to Hayley Ivins-Downes, Managing Executive for Real Estate at Lightstone Property, about new data showing that foreign buyers snapped up an estimated R153 billion worth of residential property in Cape Town over the past decade, highlighting the growing influence of international demand in the city’s luxury housing market. Another concerning trend shows that the number of young South Africans buying homes has fallen sharply from 108,000 in 2005 to just 45,000 today. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk…
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