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Real Estate South Africa
The real estate buying process in South Africa is well regulated and foreign property investors are well protected.The real estate agents are all registered with the Estate Agents' Board.
There are no restrictions to foreign property investors.
The foreign property investors can buy property in their name or by setting up a company in South Africa and use it to buy property.
When buying, a South African property specialist or a lawyer should help you going trough the purchase process.
Most properties sold to the foreigners are freehold.
When the appropriate property has been found and when the buyer and the vendor agreed on the price, an official written offer can be made.
when the preliminary contract is signed, a deposit is usually paid in order to take the property off market.
(Real Estate South Africa)Property Price Guide:
In Gauteng, a one bedroom flat can be bought for around 65,000 Euros.
In Sandton,Gauteng, an spacious and elegant one bedroom apartment will cost you around 90,000 Euros.
In Johannesburg,a spacious family home will cost you from around 120,000 Euros
A 3 bedroom house in Kwazulu Natal will cost you around 175,000 Euros.
In Roodepoort, a 4 bedroom house will cost you the same price 175,000 Euros.
In Johannesburg,a 4 bedroom house will cost you around 190,000 Euros.
A fully equipped 3 bedroom townhouse in Sandton,Gauteng can be bought for around 90,000 Euros.
In 2005 the annualized house price growth was 27 per cent.
(Real estate South Africa.)
