"We've had a little bit of a feeding frenzy since September," said Laurie Wener, an agent with Pam Golding Properties, the country's largest real estate agency.
"The sudden drop of the rand has given people with foreign currency an opportunity to purchase purely as an indulgence." Ms. Wener
and others say they believe that the terrorist attacks on the World Trade Center
and the Pentagon ironically have put South Africa – notorious for its high crime rate – on the map as a safer place to visit.
"After the September 11th massacre, South Africa was no longer Number 1 on the violence list," Ms. Wener
However, the influx of foreigners has aroused a degree of resentment among residents.Some are bitter about not being able to afford prime real estate on their own doorstep, and some politicians have suggested imposing regulations on foreign ownership of property.