Investing into South African property and the South African lifestyle has proven to be an increasingly popular choice for many international settlers.
With the continued troubled economic climates in the age old destinations such as Spain, Cyprus and Portugal many people have started to look at ‘new destinations’ and South Africa’s qualities are proving irresistible to many.
- South African property prices are low by international standards meaning you get a lot for your money
- Many properties are of an individual architectural style allowing for the most discerning of buyers and tastes
- Immigration rules are very friendly compared to countries such as Canada and Australia.
In the coastal towns the views are amongst the best in the world and for those who prefer a more rural setting how about looking out over one the world class wine farms South Africa can boast of in abundance.
Some general information on buying South African Property as a foreigner
Can foreigners buy South African property?
Yes – with restrictions, no added tax and as importantly at market related prices that have yet to be impacted by a surge of foreign buyers.
Can foreigners obtain finance towards there purchase?
Yes – a foreigner purchasing property will of course be subject to the normal checks and balances but finance can be obtained up to 50% of the property price.
Is the South African Property purchase process safe?
South Africa has a very established property buying process which is well set in law with excellent regulations to protect the purchaser and seller.
What’s the best way to get more information or search for a property?
As with any purchase of this magnitude get professional assistance. The first step is to get in touch with a professional buyers consultant. Do not make the mistake of contacting a selling agent. For those who have not dealt with a buyers consultant before they act purely in the buyers interests and do not sell property, rather they help you to buy one the right one at the right price. Selling agents act for sellers and they are mandated to obtain the best price and terms and constitutions for the seller.
Its as simple as: – buyers consultant act for buyers and estate agent act for sellers.
Are there any pitfalls to be aware of?
Any property purchase can be risky whether in your home country or South Africa. When buying South African property as a foreigner of course you will need support, advice and guidance. You need to be convinced on the area, the property and all the peripherals such as permits, tax, amenities, banking, insurance etc– many of which may be unfamiliar to you. A good buyers consultant will be able to assist you with all these not just locating the right property.
Where do I start?
Simply send us your enquiry in and we will be in touch with you.
We hope you enjoy browsing our site and don’t forget to download your free guide to South African Property.