World Cup Will Showcase SA Property to New Buyers
Galetti Commercial and Industrial aim to provide a full service property management solution when you are looking to invest in a new property purchase. As South Africa prepares for the FIFA World Cup, tourists and investors may find themselves acquiring the perfect property.
CAPE TOWN, SOUTH AFRICA, March 07, 2010 /24-7PressRelease/ -- As South Africa's business sector flourishes, commercial property investment continues to attract buyers. We have experienced many positive changes in South Africa over the past years, and all these changes have shifted the mindset of potential local investors and property owners. For many in South Africa, 2010 is going to bring overall growth. On the other hand we may have to be cautious because we haven't really turned the corner as far as the global recession is concerned. However, some property companies are seeing a significant upswing in enquiries for commercial office space in city centres across South Africa.
Investment opportunities in the commercial property market do exist, specifically in areas where there has been a development in infrastructure for the 2010 FIFA World Cup. The Gautrain and BRT routes in Gauteng and Cape Town regions will lead to improved development zones for industrial property development. The value generated to host city areas will also affect the market and boost investor confidence.
It makes sense that a positive FIFA World Cup will be welcomed by all locals as the tournament will be watched by millions of people on a global scale, advertising glorious South Africa. So, is the hype around FIFA World Cup and its positive or negative impact on property in South Africa relevant? Tony Galetti, Director of Galetti Property Industrial and Commercial, says, "The hype is most certainly having a positive impact on both the residential and the commercial property sector in South Africa. A large driver of the residential market is optimism which is closely linked to a positive world cup experience. In general, if people feel optimistic about the future they are more likely to invest in fixed assets like residential property as opposed to taking a wait and see approach."
Galetti property group believe that the 2010 World Cup celebration will have an effect on property because of huge infrastructural improvements completed in preparation for this awesome event. This is the kind of exposure wanted; as the long term benefits will be felt after the final whistle has been blown at the tournament. As the gateway to the rest of Africa, South Africa will only reap benefits in future positive economic growth.
Galetti explains that this competition will expose South Africa to a new range of tourists, entrepreneurs and investors, he says, "My feeling is that over the period of the World Cup tournament there will certainly be a few snap decisions made by tourists who will purchases [sic] residential property on the spot. I do feel though, that this will pale in significance [sic] the prolonged exposure of South Africa as a viable and affordable tourist destination. A tournament of such magnitude will open up possibilities we could never have imagined, in not only the tourism industry but also in the form of a global acceptance of South African products. This will undoubtedly have a positive impact on all aspects of the property industry."
This is good news and forecasts a bright future as well as an upswing in stability for South Africa this year and over the next few years too. An investment in property has always been considered a way of receiving an additional monthly income. This could be an excellent addition to your portfolio. If you are considering making an investment in office space, speak to Galetti Commercial and Industrial property experts today!
Further Related Resources:
Press Release Contact Information:
Tony Galetti
Galetti Industrial & Commercial
Director
Suite 213, The Foundry, 74 Prestwich Street Greenpoint
Cape Town, Western Cape
South Africa 8005
Voice: +27(0) 21 418 6308
Website: Visit Our Website
