The FIFA Soccer World Cup will inject £1.5bn into the economy

The FIFA Soccer World Cup in South Africa in 2010 is expected to inject up to £1.5 billion into the South African economy. This unprecedented event will be the catalyst for a ‘new’ South Africa that will benefit from direct investment into its transport infrastructure and will see the rehabilitation of poorer areas, as South Africa takes a giant leap forward in its global standing.

Lloyd Cornwall, Managing Director of Pin High Property says, “Once South Africa was named as host for the 2010 Soccer World Cup, not only was this a massive vote of confidence from the International community but it confirmed that South Africa can be a leading overseas destination and progress towards the infrastructural requirements of hosting such a huge event have already begun.

The upgrading of the infrastructure is also key to the property market and its longevity. South Africa has already made a name for itself in the global property market with huge increases on property in the last few years. However property here is still considerably undervalued and this continued investment in the lead up to the world cup is buoying the market once again. This is a market for short and long term investors and both can expect to see tremendous results. Getting into bricks and mortar before the World Cup would be my advice, as this mega event is a dynamic force that has the ability to transform this already burgeoning market, taking it to new levels.”

Pin High Property is now marketing Fijnbosch Estate a luxurious lifestyle development in the Eastern Cape. Sitting within the grounds of the renowned St Francis Links golf course and just five minutes from St Francis Bay, this is a premier development that suits investors or those looking for a permanent residence. Boasting 55 hectares and only 200 properties with a selection of two, three and four bedroom properties available this front line development could not be better located.

Lloyd continues, “Being just five minutes from St Francis bay with its sheltered inlets, boutiques, restaurants and bars, Fijnbosch certainly ticks all of the boxes for those looking to invest. This is an emerging region within an emerging market and properties are exceptionally priced at this early off plan stage. Standing at the Eastern Gateway to the Garden Route of South Africa, St Francis Links, a Jack Nicklaus signature golf course has brought a new wealth to this area and will be instrumental in enticing new investors to this friendly, typically expat community.”

Property prices start from just £120,000 for a two bedroom detached property rising to £199,000 for a premier four bedroom. Each Fijnbosch Estate owner will receive free entry membership to the St Francis Links Golf Club worth £15,000, with members also enjoying reciprocity to other Nicklaus courses in South Africa.