Dreaming of Owning Property in South Africa? Here’s What You Need to Know
Looking to invest in one of the world’s most sought-after destinations? South Africa’s property market isn’t just a place for stunning views and luxury living — it’s also one of the most secure and reliable systems globally. Every property is rigorously documented, with ownership registered and available for public inspection. So when you make a move here, you can rest easy knowing you’re in excellent hands.
Non-Residents — You’re All Set
The good news? There are absolutely no restrictions when it comes to non-residents purchasing property. If you plan to stay a little longer, you’ll just need to apply for a residence permit — and with that, you’re free to claim your piece of South African paradise. It’s that simple.
How It Works — Buying a Property
When it comes to purchasing property here, we keep things clear and professional. Contracts must be written, signed by both parties, and include all the details required by South African law. Once signed, it’s a legally binding commitment — no second thoughts, no backing out without consequences.
The Transfer Process — Leave It to the Experts
Once you’ve signed the agreement, it’s over to the conveyancer. This highly skilled legal professional ensures that everything is handled correctly, from the required clearances to the official registration. And while the costs of transfer are yours, the conveyancer will make sure the paperwork is in perfect order, so you’re officially the proud new owner of a prime piece of property.
Who Pays for What?
For the Seller:
The seller is responsible for brokerage fees if an agent is involved, along with any compliance certificates. If there’s a bond on the property, they’ll also pay for the cancellation costs.
For the Purchaser:
You’ll be covering transfer duty, transfer costs, and the registration fees for any new mortgage bond. It’s all part of securing that piece of paradise.
Signing Documents — A Few Formalities, but We’ll Make It Easy
All documents from the conveyancer must be signed in black ink (we like to keep things formal). If you're signing from abroad, the documents need to be authenticated. And if you’re married overseas and applying for a mortgage, your spouse will need to sign off too.
Bringing Foreign Funds into South Africa — It’s Effortless
Transferring funds into South Africa is easy — and all of it can be done through your estate agent or transferring attorneys' trust account. When your funds arrive, you’ll receive a “deal receipt” — this is essential for repatriating your funds later, so don’t misplace it!
Can You Borrow in South Africa?
Non-residents are limited in how much they can borrow — the maximum loan amount is equal to what you’ve paid in cash. In other words, if you’re paying in full, your property is yours without question.
Repatriating Your Funds When You Sell — Yes, You Can!
The number one question from non-residents is always: Can I take my money with me when I sell? The answer? Absolutely. When it’s time to sell, you can repatriate your original foreign funds — plus any profits. If you own property with a South African resident, only your portion of the sale (and the corresponding profit) will be repatriated.
And just a quick note: keep all your documents — deal receipts, sale agreements, and the conveyancer’s final statement. You’ll need them when it’s time to transfer the funds back to your home country.
Your South African Dream Home Awaits
Whether it’s a beachside villa or a city penthouse, South Africa has the property of your dreams waiting. Ready to make a move? Live your best life — let’s get you started on your next chapter in this stunning country.
