Buying a Property
South Africa’s varied geography and developed transport infrastructure means that the country is home to the full range of property types, from posh residential enclaves to industrial parks and arable farming land. Whatever your need, there is sure to be a property to suit your taste, and with the right assistance you may find it easy to negotiate a suitable price.
Property investment is nothing new in South Africa. There is usually a new residential development going up somewhere, and at a favourable exchange rate this type of development could prove to be a handsome investment. Or, if you are seeking business premises, the major urban centres can cater to your needs.
The important part in sourcing an appropriate property is to work through the right agent. A good agent knows what you are looking for, and knows where to find it, while at the same time staying within your desired price range. There are many estate agents in South Africa, some a lot bigger than others, so take your time in identifying the one who speaks most clearly to your situation.
Usually, if you are simply looking for a residential home, it pays to work through an agent based in the area that you want to live in. They should know the area very well, and can tell you about any available properties as soon as they are advertised. Also, an agent can be invaluable in negotiating the price – in South Africa, the price of a property is not fixed as advertised, and the sale procedure may not be exactly the same as what you are used to. It sometimes takes a little experience to handle the process in a competent manner.
Generally speaking, you should not struggle to find a property in South Africa. The market is vast and very active, and foreign buyers are not uncommon.
Money Transfers to and from South Africa - here's how:
- Foreign exchange regulations in South Africa 03-01-2011
- Essential money transfer advice for all transactions 02-01-2011
- Exchange control relaxed in South Africa 28-10-2010