SADC nationals and buyers originally from Central and West Africa are now buying in the R2,5m to R5m price bracket.
This is according to Charles Vining, Seeff’s MD in Sandton, who said areas such as Bryanston, Lonehill, Fourways and Parkmore are particularly popular because they offer family homes on reasonably-sized stands in this price range – they are also located in close proximity to top schools.
“Foreign buyers in Sandton are often most interested in homes in estates,” he said. “Boomed-off roads are also highly desirable.
“Foreign buyers of late are mostly families where one or both of the parents are professionals, often in medical, legal or financial services and the children are school-going.”
The British International School in Bryanston and the American School in Dainfern are big draw cards for those looking to keep their children in the type of schooling to which they are accustomed.
Top photo: This four-bedroom home in Bryanston is on sale for R3,4m