Buying property

Guest6789Guest20 February 2022 05:05:19

We've just moved here from South Africa and been looking to buy an apartment of between 2-3 bedrooms.聽 Been looking at the West and North.聽 Can't say we're seeing any value or quality.聽 Rare to find units with spacious bathrooms and separate guest bathrooms.

Comparing pricing of those available to foreigners against those available to locals, foreigners will have to pay almost twice the square metre rate.

Any suggestions welcome.

samhazin Member

Member since 21 April 2021

samhazinMember20 February 2022 08:10:23

It鈥檚 a rip off a total rip off. Prices have quadrupled in the last 3-4 years and the property just ain鈥檛 worth it. Some of the prices being asked - well you could buy an apartment in London for the same. It鈥檚 a big disgrace and the market cannot sustain the over inflated prices. I鈥檇 rent for a while especially in the coming year.

Guest6789 Guest

Guest6789Guest20 February 2022 08:20:18

This does not bode well for the property market and foreign investment.聽 Very short sighted.

Aslam5 Member

Member since 01 February 2021

Aslam5Member20 February 2022 10:28:33

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Guest6789 Guest

Guest6789Guest20 February 2022 11:23:24

I will require a lot more detail.聽 Thanks

tashwilmot Serial expat

Member since 22 January 2021

tashwilmotSerial expat20 February 2022 14:08:04

212

Would have to agree, not value for money.聽 Makes much more sense to rent.

Aslam5 Member

Member since 01 February 2021

Aslam5Member20 February 2022 14:57:24

Send me your email so I can send details.

Guest6789 Guest

Guest6789Guest20 February 2022 23:56:25

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Sooner the better as I'll be flying back tomorrow

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