Quote:
Originally Posted by JMBroad
Hmm there's one for debate. Depends who you are and what you are looking to buy. In some areas, land prices are doubling every 6 months because developers from all over the country and from Europe are buying up huge plots of land. So while it may be early days for the "Joe Bloggs" investor looking to buy a holiday home and make some money on it, it's really late days for developers looking to buy and develop land. Arguably therefore (with the most recent launch in Natal just last weekend in Jacuma) every day that passes is time wasted.
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I tried to convince a few buddies of mine to go in with me and buy a plot which included 6 kms!! of beachfront about 3 years ago for 1.2 mil USD.
I was having dinner with a lawyer I know in Pipa 2 months ago when he told me that he was doing due diligence on the same plot. I nearly choked on my food when he told me the price it sold for recently. If only I had bought it
Rob.