INFORMATION ON BUYING A PROPERTY IN SOUTH AFRICA AS A FOREIGN BUYER OR NON-RESIDENTSouth Africa has a reputation of having one of the best deeds registration systems worldwide. Property can be owned individually, jointly or by entities such as a companies, close corporations, trusts or similar entities registered outside South Africa. However, buying property in any foreign country can be complicated and not without legal implications.
There are different types of land ownership in South Africa, the most common of them being:
The buyer purchases a freestanding property and takes ownership of the land and the buildings attached to it. The buyer receives a separate title deed to the property and is solely responsible for all maintenance and servicing to the property.
A purchaser buys a unit (section) in a complex or apartment building. He gets a title deed for his section whereby he owns the section as well as an undivided proportionate share of the communal property. He contributes to shared expenses on a pro-rate basis and is governed by a set of management and house rules.