High inflation in the UK is beneficial for overseas property investors – Megan Copley Sable International

Financial advisor Magnus Heystek has described investment into property in South Africa, as a destroyer of wealth. Heystek told BizNews at the beginning of 2023 that his advisors at Brenthurst “have been actively reducing direct exposure to listed property since 2017, where possible”. In contrast, he said, “offshore listed property over the same time had soared by more than 60%.” But, with rising interest rates and inflation over 10% in the United Kingdom, are overseas property markets still a good investment for South Africans? The Director: Offshore Real Estate Investment at Sable International says inflation has actually been good for property investments in the UK as it drove up rents by 20-30% and ”your annual yield can far exceed interest rates.” She said muted property growth takes pressure off buyers in a market that is often characterised by bidding wars Learn more about your ad choices. Visit megaphone.fm/adchoices