International Buyers

Purchasing Property in South Africa as a Foreigner

Property of any kind in South Africa is normally purchased through a broker or real estate agent who should be registered as a member of the Estate Agents Affairs Board and have been issued with a valid Fidelity Fund Certificate.

The South African Reserve Bank refers to foreigners as NON-RESIDENTS whether they are natural persons or legal entities, whose normal place of residence, domicile or registration is outside the common monetary area of South Africa.

Should the non-resident be paying cash for the property, the transaction can be processed without intervention from the South African Reserve Bank.

Non-residents purchasing a property in South Africa may borrow up to a maximum of 50% of the purchase price in South Africa; the other 50% of the funds must be brought into the country by the purchaser and transferred from a recognised foreign bank to a bank in South Africa. The total amount that may be borrowed is at the discretion of the commercial bank offering the loan and SilverTree Properties will be happy to assist in this process.

Non-residents who are in possession of a valid South African work permit are considered to be residents for the duration of their work permit and are therefore not subject to borrowing restrictions placed on non-residents without work permits.

STBB up to date guide for buying property in South Africa (PDF)

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