Euros Buying Up South African Land

Land Rush by Foreign Investors Divides South Africa

By SHARON LaFRANIERE

Published: January 6, 2005

IBISCUS COAST, South Africa - David Bailey is about to buy his 11th piece of property here on this country’s southeast coast, fully expecting to sell it in a year for a nice profit. And why not? He has done it three times in three years, he said, clearing a tidy $200,000 along the way.

I say, why are we letting them buy up our continent???