Interesting and Current Investment Opportunities in the Garden Route, SA
Garden Route, one of South Africa’s most stunning coastlines, is becoming a favored destination for people worldwide. Many of them want to semi-grate to the location, and many more have been looking for investment opportunities due to the soaring economic boom that the place is witnessing. Here are the top 3 most interesting, current and talked about investment opportunities in the Garden Route (SA).
Property/Real Estate
The property market in Garden Route has performed better over the years than anticipated since 2016. People aged around 35 are heavily investing in the real estate properties in Garden Route, with the bulk transactions costing about R1.5 million. Most of the properties in the area are well-priced and even after the pandemic, the economy has been relatively stable. Also, rental property has been in short supply and the prices have more than doubled. This implies good prospects for investors in the buy-to-let market and profit from the rental industry. Adding to the property market, the agricultural property is also a great area to invest in Garden Route and has been witnessing a high demand ever since. Farming has been the backbone of South Africa for years now. Hence, investing in agricultural land or business is quite a good investment with large profits.
Oil, Gas and Energy
Garden Route has been attracting many businesses and business owners to conduct their operations in the district. Garden Route is open for business activities with SMMEs, emerging entrepreneurs, and the private sector. A robust Garden Route Investment Conference was also conveyed in 2018, where opportunities for businesses were addressed in detail. We all know that every business and factory outlet needs oil, gas and energy to operate. Hence, this is an exceptionally profitable segment for investors to invest in the garden Route. Oil, gas and energy are resources that are majorly witnessing rising prices as and when time passes. Even when, during the pandemic, the overall prices of oil, gas and energy fell, it was one of the fastest blowing resources that came back to its original level and minimized the losses.
Tourism
Tourism is one of the top leading economic sectors in Garden Route, along with agriculture, oil and gas. Since the Garden Route is one of the most popular holiday destinations worldwide, it attracts millions of tourists yearly. You can invest in Garden Route’s tourism by means of opening an online travel agency, cruise line operations, hotels, mega-resorts and casinos (if the location permits). It is definitely one of the most booming sectors and highly profitable because whatever the situation may be – people never stop traveling and exploring new and offbeat locations.
Conclusion
These are just a few out of the various soaring investment opportunities in the Garden Route. Overseas growth, especially in growing markets, such as that of this coastal area, aims to outgrow more developed markets like that of North America and Europe. The Garden Route has been in the news for all these good reasons. Now, it is time that you expand your investment portfolio by investing in this market and mark your profits with a booming country booming market!
