In Your Face Malema: Local Real Estate Investment Opportunities Skyrocket as 2010 FIFA World Cup Kicks off in Cape Town

Online, June 14, 2010 (Newswire.com) - Property development in Cape Town is thriving, with investment opportunities on the rise for savvy buyers on the look out for long term financial returns from sound property ventures. The Cape Town real estate development market is perched on the precipice of expansion, with the world sitting up and taking notice of this internationally renowned city. Never has this been more true than now, as thousands of tourists flock to our shores for the 2010 FIFA World Cup.

With up market residential estates and commercial properties on offer, the time is ripe for private buyers to take advantage of this burgeoning boom in the property investment market. Real estate development companies are gearing up for a great financial year, as local and internationally based private buyers see Cape Town as a potential tourist Mecca.

Real estate development is in greater demand as investors storm the Cape Town property market. Cape Town property in other words, is hot, hot, hot. Local property development group, Combined Developers, predicts a steady increase in the value of properties being sold over the next 2 years. This is despite the controversial views that ANCYL spokesperson Floyd Shivambu expressed earlier this year.

"We don't agree with foreign control of South African land. South Africa must be owned by South Africans," he explained last February, warning foreign and 'European' local investors from buying property in South Africa. This scare tactic seems to have fallen on deaf ears as the market continues to recover from the annual 7.1% decline of recent years. Property investors can now take advantage of a rare opportunity - to buy real estate from development companies as the market is experiencing a gradual rise in average property values throughout South Africa.

The FIFA 2010 World Cup opening ceremony last Friday was a huge success with international stars paying tribute to South Africa and her people. Commercial properties and residential estates will be the two sectors that benefit the most from the improving market, with private buyers already looking to invest in areas like Durbanville, Brackenfell and Somerset-West. These prime areas are experiencing the most property development, with modern industrial buildings and spacious residential homes going up everyday.

As Cape Town looks forward to a strengthening property market, money will continue to pour into South Africa's most eclectic city. With the revival of the property development market, all sectors of the real estate industry will stabilize. Developers, investors and property management companies will feel the first financial upsurge, with the trickle down effect putting money back into the hands of real estate agents who have just come out of a 2 year slump and dwindling commissions.