Sounds cheap especially for a penthouse and all depends where in London I suppose. Personally I prefer countryside over city views but as an investment this could actually be a smart move. Property in South Africa is fairly easy to get onto the ladder but then again price is relevant to the area you buy into. I looked back at my old UK property a few months ago and the prices have risen constantly with it now being valued at over half a million. I do understand the concern in the UK for first time home owners as it is not easy.

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