The South African property market seems to be cooling off now.Growth in the number of residential units completed also went into negative territory in July last year, falling by 14,7%. I always wonder who buys some of the homes which are very expensive. Its not uncommon seeing homes over £1million ( sorry guys i am unable to conevrt this to zim $). The problem with SA is it just doesnt rely on its locally but on foreigners buying. Even though this may sound good news it prices the locals out of the market. A typical example is Capetown where prices are so high. In my honest opinion, i think overpriced in most cases. Our neighbours are relying on the world cup that it will bring them a windfall in more houses being snapped up.

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