The trillion rand property collapse – Magnus Heystek

[kolaval]

Article

Award-winning investment strategist and co-founder of Brenthurst Wealth Management Magnus Heystek puts pen to paper on what he calls nothing short of a calamity – the value destruction that is the South African property market.

As always, Magnus’ strong opinions are backed by the facts, with listed and non-listed property feeling pain all over the country despite some respite for parts of the Western Cape.

One of South Africa’s best stock pickers, Piet Viljoen, shared a similar sentiment (link attached for ease of reference) to Magnus, calling the ‘buy-to-let’ model a no longer plausible investment. – Justin Rowe-Roberts