South Africans who have spent years earning salaries in British pounds, euros or US dollars often return home with significantly greater buying power than those earning in local currency.
For many years, South Africa experienced a steady flow of skilled professionals and families leaving the country in search of better career opportunities, stronger currencies and improved security.
While that trend continues for some, there is growing evidence that an increasing number of South Africans are choosing to return.
According to Richard Malyon, chief executive officer of Fine & Country South Africa, property professionals, recruiters and wealth advisers are reporting heightened interest from expatriates looking to buy homes, relocate their families or retire in South Africa.
"Although there is no single dataset that measures the trend nationally, the movement is becoming increasingly visible across the residential property market," he said.
