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It might not have the glamour or the year-round mild climate associated with many popular European relocation destinations, but Canada's high standards of living and beautiful natural scenery have made it a hit with British expats. The North American nation beat out Australia, New Zealand and even France to be voted the best country to relocate to in a recent survey among Britons living abroad.
According to the survey, conducted by NatWest International Personal Banking, the majority of expats chose Canada as the best place to live outside Britain because its banking, healthcare and education systems were exemplary, and the abundance of natural scenery available to visit was an added bonus. The peaceful lifestyle afforded in the country was also rated highly amongst Britons.
"Canada's excellent working conditions, financial security and peaceful reputation have pushed it into this year's pole position", said head of International Personal Banking at Natwest, Dave Isley. "It seems the pull of the beautiful Rockies, the Mounties and the taste of maple syrup is a real sticking point for British expats."
Quickening the process of selling distressed real estate assets in South Africa is vital if the country's property market is to recover.
The value of homes in South Africa climbed in December compared to a year earlier, it has been revealed.
2011 was a year of slow house price growth for South African property after the mini recovery in 2010. The market in 2010 had been buoyed by major interest rate cutting from December 2008 to August 2009 and a global economic recovery of sorts. The 2012 residential market shows strong supply relative to demand, and a mediocre economic performance at best.
The property market in South Africa could be set for positive growth this year, an expert has said.
Many property investors are interested in owning an apartment or house in Hout Bay, just outside Cape Town, it has been revealed.
South African Banks' voluntary sales programmes for defaulting debtors are growing throughout the country as distressed homeowners and financial institutions continue to seek alternatives to legal foreclosure, and home buyers increasingly opt for the significant discounts that come with these sales.
South Africa is facing a bleak outlook for house prices according to new research by Wilhelm Hertzog, an equity analyst at fund manager RE:CM.
South Africa is returning to the radar of overseas property buyers as the Rand becomes devalued significantly against other countries.
South Africa is still seeing a growth in tourism following the World Cup last year. Speaking at the World Travel Market London, Fiona Buchner, Regional Director of Europe for the South African Tourist Board, said that the country's increase was "ahead of the world growth curve".
South African is set to provide temporary relief from VAT payments for residential property developers who lease units before intended sale.