We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. However, it’s worth making sure any private pension will give you the income you need as the UK state pension exempts those living in South Africa from the protection of the triple lock. In South Africa, estate agents earn much more commission – up to 7.5% of the selling price. In South Africa – your levy – known as a service charge (in the UK) – communal grounds, security of the estates and so forth – whereas in the UK it’s just the upkeep of the communal areas. Click to enable/disable _ga - Google Analytics Cookie. It is also legal for owners to buy and sell property privately. That said, buying property in the UK as a foreigner is easier if you are a cash buyer – i.e. South Africa– Blue Sky Publications (Pty) Ltd T/A TheSouthAfrican Number: 2005/028472/07. Buying property in South Africa. The chances are that it won’t impact most investors looking to buy a holiday home in South Africa, or a retreat to retire. If you’re looking to buy a house in South Africa, it’s worth knowing about the Land Holdings Bill. This deposit for the property will be payable straight away and a fixed time period that identifies the completion date will be written into the contract. Combining unparalleled experience, comprehensive capabilities, in-depth research and access to extensive market networks, the experts at Investment Property Partners have the experience and expertise to help you. Buying Property in South Africa – South African Property Buyers Guide, Commercial Property Investment – Guide to Investing in UK Commercial Properties, Manchester Property Investment – Buying Investment Property in Manchester, Gross Development Value (GDV) – Property Developers Guide to Financial Appraisals, Buying Land for Development or Investment, REITs & UK Real Estate Investment Trusts – Property Investors Guide, Property Yield – Calculating Property Yields & Return on Investment (ROI), Parry’s Valuation & Investment Tables for Property Investment Appraisals & Valuations, Residual Method of Valuation for Land, Property & Development Appraisals, Freehold Property, Leasehold & Commonhold Property. Click to enable/disable _gat_* - Google Analytics Cookie. It’s R29,000 in Paulshof where as a property in Manchester for instance – which is almost R5m – will have a service charge of only R23,000. As a non-resident of South Africa you are eligible for a mortgage for your new South African property. The more time you spend in your apartment or villa, the higher the level of comfort, space and storage you’ll need. While the bill does contain restrictions on what type of South African property foreigners can own, the focus is on agricultural land. If you’re buying property in South Africa, whether as a holiday retreat or a place to retire, then the first step when you’re compiling your budget is to get familiar with the rules for foreign investors. The location is also a determining factor in how long a property takes to sell. 1 Berkeley Street Mayfair London W1J 8DJ 0330 223 42 52 [email protected], Pall Mall 61 – 67 King Street Manchester M2 4PD 0330 223 42 52 [email protected]. If you do not want that we track your visit to our site you can disable tracking in your browser here: We also use different external services like Google Webfonts, Google Maps, and external Video providers. Explorer™️ Card is issued by Prepay Technologies Ltd (PPS), with its registered office at Floor 6, 3 Sheldon Square, London W2 6HY UK. ); If you bear this figure in mind, you should not go far wrong. If you are buying property in South Africa you’ll soon be aware that there are many different types of residential property throughout South Africa from which to choose. Founded in the UK in 1855, Savills is one of the world's leading property agents. Find a property to buy in the UK; Find a property to buy in London, UK; Find a property to rent in the UK; Find a property to rent in London, UK; Find a property to buy in Europe, Africa and the Americas; Tenant fees - Non ASTS; Tenant fees - ASTS; Landlord fees; COMMERCIAL PROPERTY. These are classed as non-resident loans and are subject to foreign exchange approval from the South African Reserve Bank. Things to consider when buying a property in South Africa. RESIDENTIAL PROPERTY. Regulatory info | Terms of use | Privacy Policy | Cookie Policy  |  Modern Slavery Act |  Security |  Open Banking. View our range of houses, villas and apartments for sale in South Africa. If you’re looking to emigrate to South Africa then it’s certainly a great place to live with some wonderful properties that may be more affordable than the UK. Our expert property investment advisory services are delivered to clients throughout the United Kingdom, Europe and internationally. In South Africa, the Western Cape province continues to outperform all other areas, with Cape Town remaining the most lucrative city in … This is paid for by the seller. But transactions involving the purchase by a legal entity such as a company, trust, or close corporation are dealt with slightly differently. You are free to opt out any time or opt in for other cookies to get a better experience. In South Africa, the Western Cape province continues to outperform all other areas, with Cape Town remaining the most lucrative city in … If you are looking to invest in an overseas residential property or simply searching for that dream holiday home abroad then buying property in South Africa could be just what you’ve been looking for. They can finance a property in Cape Town for up to 50% of the purchase price of the property. Click to enable/disable Google reCaptcha. You can use a solicitor in the UK, but make sure they have experience of South African property laws and processes. You can send payments and manage your moneycorp account securely while on the go. None of the information contained in this website constitutes, nor should be construed as financial advice. Travel money services are provided by Moneycorp CFX Limited. We use cookies to let us know when you visit our websites, how you interact with us, to enrich your user experience, and to customize your relationship with our website. Since these providers may collect personal data like your IP address we allow you to block them here. With Central London purchase price almost £10,000 higher than the second priciest UK city and over six times more expensive than any listed SA city, this illustrates just how expensive it is to own a small property in London’s city centre – let alone a big property. Having said that though, big improvements have been made and South Africa is a much better place in that respect, and the prospects of future investment and further growth in the tourist sector has brought about much more optimism. If you are looking for your dream property in South Africa, you have come to the right place! If you’d prefer getting up close and personal with the wildlife to sunning yourself on the beach, then you might want to opt for a property within or close to the territory of the Kruger National Park. The Western Cape has some of the best beaches, but it’s worth being aware that you will be swimming in icy cold water. The chances are that it won’t impact most investors looking to buy a holiday home in South Africa, or a retreat to retire.