And bucking global trends, Portugal’s national airline TAP plans to launch new direct flights between Lisbon and Cape Town, with three weekly long-haul flights starting from November 11 2020, making the country even more accessible.
“Notably, despite the dramatic impact of Covid-19 on economies around the world, Lisbon is recognised as one of a handful of prime residential markets expected to achieve price growth during the rest of 2020. This makes Portugal a prime choice for local investors seeking a sound offshore rand hedge amid SA’s ongoing economic recession — particularly post-lockdown.”
“Not surprisingly, we are seeing an increase in interest in real estate-linked residency schemes as SA investors weigh up their options in the current market,” adds Immelman.itizenship and residency programmes has remained steady over the past few years. These are mainly families with children up to the age of 23 , who view it as an insurance policy against currency and political risk, and a way to give their children the opportunity to study, work and live internationally.
“Most of our investors are acquiring buy-to-let apartments with good rental yields and capital appreciation prospects abroad. In Mauritius we find about half our investors plan to spend several months a year there as they reach semi-retired status.
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SA records sharp drop in foreign direct investmentDeclining inflows are a major blow as the economy was already struggling before the pandemic, but commence of the AfCTFA is seen as positive
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