BARNES Private Office announce collaboration with Harcourts Atlantic, South Africa
A collaboration between BARNES Private Office and Harcourts Atlantic opens new doors in South Africa. International luxury property realtor BARNES have just announced a partnership with Harcourts Atlantic, a leading estate agent on the Atlantic Seaboard, which will see a jointly handled effort to market, promote and sell high end properties in South Africa.
The South African property market is on the rise. With a property investment process that is fairly open to outsiders and thereby appealing to foreign investors, it provides opportunities for quality investments. The Rand is an especially attractive currency to foreign investors looking for stunning prime seafront residences, such as those available on Cape Town’s Atlantic Seaboard. Demand is widespread, coming from international buyers seeking to rent or buy into the distinctive lifestyle South Africa offers as a leisure destination, as well as from within South Africa, Johannesburg and Pretoria in particular, and other African nations looking to expand their business and leisure base.
BARNES Private Office have a number of luxury properties on their portfolio across the UK, Europe and South Africa. BARNES manages the investment, enhancement and realisation of real estate – and a selection of other asset classes – on behalf of the world’s most affluent individuals. The growing team currently have on average £60 million of capital tied up in property bids each week.
Chris Maclean, Director of BARNES Private Office in London, says:
“In quantitative terms Cape Town has enjoyed double-digit property price growth for a number of years, second only to China’s major cities in global rankings. Prime lettings price growth has also been strong and consistent. Cape Town continues to feature near the top of many wealth report tables as a leading city with a profile worthy of the global investor elite.
We are enthusiastic about working with Harcourts Atlantic in this prospering market and look forward to the new opportunities ahead.”
Harcourts Atlantic are an established real estate agency specialising in residential, commercial and rural property sales as well as property management services. With over 900 offices across New Zealand, Australia, Fiji, China, Hong Kong, Indonesia, South Africa and the United Arab Emirates and the United States, Harcourts Atlantic sold over R355 billion worth of property last year. Since Harcourts established itself in South Africa in 2009, it has doubled its market share, with close to 150 offices in the region.
Richard Gray, CEO of Harcourts South Africa, comments:
“Although South Africa's economy has been under pressure in recent years with rising costs placing consumers in a price pinch, compounded by volatile market fluctuations causing unpredictable cyclical trends - Harcourts South Africa experienced unprecedented growth over this same period. Sales have grown 115% in the past five years, the amount of agents have doubled and 2017 was Harcourts' most successful year on record.”
To find out more about the BARNES properties, visit www.barnes-privateoffice.com.