This house is about six miles from the Sandton business district and five minutes from supermarkets, pharmacies, boutiques and restaurants. “Home prices are very undervalued” in Johannesburg, said Ronald Ennik, the principal of Ennik Estates, an affiliate of Christie’s International Real Estate. And more inventory is coming on the market “at the correct price level,” Mr. Geffen said, so it’s easier to sell. There has also been an increase in buyers from China and India, Mr. Ennik said. Advertisement Continue reading the main storyBUYING BASICS“Limitations on foreign property ownership in South Africa pertain solely to agricultural land,” Mr. Geffen said.

Source: New York Times September 27, 2017 14:26 UTC