BFaucett
(.333 member)
03/08/05 07:47 AM
Re: Buying land in South Africa

Well, the original post did mention "corporate buyers". Personally, I think only very sophisticated investors ("big money") should even consider it.

"There are private buyers who are mainly looking for a weekend retreat, and there are corporate buyers and syndicates who are buying the farms to be run as a business," Sidelsky says.

As far as private buyers, especially foreign buyers, looking for a weekend retreat, I wouldn't invest any more than I could afford to lose. If a person can afford to lose a million or two dollars, then it might not be so bad. There are people in that type of financial position.

-Bob F.



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