WORLDVIEW: Big picture, big schmicture – it’s where the takkie hits the tar that things really matter

If you are pondering whether to diversify your South African portfolio with some UK residential property, look beyond locations most visible in the public domain for opportunities.
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I'm sometimes too much of a big picture guy, something you might blame on my training as a journalist. For instance, if the economy is stagnating, we reporters will tell you things are getting worse. Which they may be, on average, but the guy in computer programming will still get his increase while the fellow in manufacturing is happy to hang onto his job. Here's a timely reminder from the real life experience of my Scots-based colleague Jackie Cameron.

Jackie writes: "Just over a year ago, our little home on the central commuter belt between Edinburgh and Glasgow was sold five days after listing on a property website – and before the neighbourhood residents were alerted to its arrival on the market. There were two buyers on a waiting list who were contacted by the agent and arrived for a viewing as soon as we had tidied up and packed the clutter into the cupboards.

I thought that was good going. But, since then, the local residential housing market appears to have been hotting up. For the past few months, I have been watching properties being snapped up in my area at breathtaking speed.

___STEADY_PAYWALL___

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