2010 benefits for SA property

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That’s according to Herman Louw & Justin Goodman of Re/Max Property Associates who believe that huge sporting events such as 2010 generally encourage a significant rise in visitor numbers to a country and should have a marked impact on the real estate market.

A good example of this is the 2007 Rugby World Cup held in France which saw an influx of approximately 400 000 visitors to the country during the tournament.

“In spite of the rapid growth in the property market over the last 5 years, 2010 will undoubtedly provide a further boost to housing prices and the demand for rentals in the local market,” he said.