Resumen de The economic impact of second home development in Small-Town South Africa

Gijsbert Hoogendoorn, Gustav Visser

• This investigation aims to make a contribution towards addressing the general lack of academic reflection on second homes in the developingworld context. In particular, it aims to provide insight into the economic impacts of second home development on smaller settlements in remote rural areas of South Africa. While empirical evidence demonstrates the unique development characteristics and impacts of South African second home development, the investigation also highlights commonalities with the impacts of second home development as researched in other countries. Specifically, various neargeneric economic impacts of second homes observed in the developed North are echoed in smalltown South Africa. The stimulation of new capital inflows, employment creation and property price appreciation stand out as key similarities.