I've been thinking about buying a small farm in south africa.
I have looked at this farm:
Undeveloped Game Farm near Naboomspruit
The farm is 400 ha and is game fenced.
no houses or buildings.
no electricity
No animals
No wather
Asking price is R.5.800 000
Is not this a very high price for this farm? What do you think????

According to an online currency converter that translate to $631550.29. Divide that by 400 and you get about $1579 per acre. I'm not sure what the going rate is for land in RSA but for an undeveloped piece of property with nothing on it but a fence, it sounds high to me.

But, like I said, I don't know what land goes for there.

Sounds outrageous to me. You'll need to pay for animals, some type of water access (windmill or electric). There are many, many better deals available with 5 minutes worth of searching. That is assuming you have properly evaluated your risk and return on any investment.

400 hectares is about 988 acres. So it is about $639 an ACRE.

quote:

Originally posted by Thomasjohn:
400 hectares is about 988 acres. So it is about $639 an ACRE.

and 1500+/acre in NE North Carolina is a deal.

This is a bad place to learn about buying a farm.

Hobby or do you expect to make money?

Is water available from a well you develop?

Farm with crops or game farm only.

Is there currently game on it

poachers a problem.

Cost to develop?

Don't know about Africa is that a reasonable size for a small game farm.

With all the unknowns I suggest another venture.

With current World conditions, I just could not see buying any Property in a third or fourth World Country.

ESPECIALLY in a Country that has a known reputation of KILLING, and SEIZING the property, of non "indiginous" persons.

Wherever you buy, get at least some if not all mineral rights.

For 400ha undeveloped, I'd say he's been smoking his socks

The state owns all the mineral rights, done, period. So if Joe Dlamini gets to hear of coal under your ground, he applies to mineral affairs for a licence to open cast mine, and you get to watch a bloody great hole get bigger on your ground. The miner will offer a little something per ton mined. "White Boy," do something else with your money. You will lose here.

quote:

With current World conditions, I just could not see buying any Property in a third or fourth World Country.ESPECIALLY in a Country that has a known reputation of KILLING, and SEIZING the property, of non "indiginous" persons.

To start with, "buying land" on which you can't have mineral rights is not land ownership in the first place. Be that as it may -

This is something I wouldn't even CONSIDER messing with no matter how much I liked hunting in Africa. Not even if the land was free.

And living there?? That would be bad enough. But if you're NOT going to live there? Really...

Are you really sure you know what to expect to find on your place when you come visit it?

As soon as word permeates thru the hood that it's an absentee out of country landowner, the locals will think it's a public hunting area where they can poach anytime they like regardless of whether something's in season or not. And a place where they can do drug deals. And grow pot. And dump burned out stolen automobiles. And use as a "lovers lane" (a joke with one farm owner here is that half the locals were probably conceived on his place). And you don't leave anything out with a battery in it or the local top citizens will have that battery in their car by morning. And you build anything it better be red hot and nailed down or it'll be gone. All of that is how it works in the American Delta South. And you better be careful how you go about telling them to leave. They're in a position to do a lot of harm. And if you get in a fuss with them, it'll be judges and jurors who think what's yours should be theirs.

I can only imagine it being a LOT worse in Africa, of all places. But we're somewhat like that. Kinda like a cross between Cuba and Zimbabwe and getting worse daily.

..I know, not a cheery scenario, but I'm assuming you want to know what we really think and not just get told what you might want to hear...

OH GOD I wouldn't even think of spending a dime there.

Take that money and spend it on numerous Safari's there. That money should buy you Safari's up until you're dead

quote:

Originally posted by sth:
I've been thinking about buying a small farm in south africa.
I have looked at this farm:
Undeveloped Game Farm near Naboomspruit
The farm is 400 ha and is game fenced.
no houses or buildings.
no electricity
No animals
No wather
Asking price is R.5.800 000
Is not this a very high price for this farm? What do you think????

You do not say where you are from, but IMO, a farm almost anywhere else would be a better investment of that money. I'd favor North and South America.

Africa is about the last place I would invest in land, since discrimination against foreign ownership is almost certain, based on the record.

Look, there are various classes of risk that one needs to consider. Political or sovereign risk is very high on the list.

Personally, I see the US as the very best place in the world at the moment for any kind of investment. There are several reasons for this but the sheer depth of US resources is a major one. I won't list the others, but anyone knowledgeable about international matters today can figure them out. I predict, as an example, that huge amounts of Asian capital are going to end up in the US in the next 10 years.