Buying Property as a Foreigner in South Africa

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.

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What You Need To Know as a Foreigner Buying Property in SA:

Form of ownership

There are different types of land ownership in South Africa, the most common of them being:

Freehold

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. 

Sectional Title

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.

Tax implications as a Non-Resident
Financing the property
Once the loan is granted
Legal capacity
Repatriation of funds

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