Should I buy or rent a home in South Africa?
If you have not spent a lot of time in South Africa, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in South Africa can be a great investment, as property prices are generally on the rise. However, it is important to consider your financial situation and lifestyle before making a decision. Renting a home can be a great option if you are not ready to commit to a long-term purchase, or if you are looking for a more flexible living situation. It is also important to consider the cost of living in the area you are considering, as this can have a significant impact on your budget. Ultimately, the decision to buy or rent a home in South Africa should be based on your individual needs and preferences," commented one expat who made the move to South Africa.
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Other Questions:
- What should I pack when moving to South Africa?
- Where should I setup a bank account in South Africa?
- Will I be able to find a job in South Africa?
- What is life like in South Africa?
- What do expats in South Africa appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in South Africa?
- Is there a lot of diversity? Are people in South Africa accepting of differences?
- What are the schools in South Africa like?
- What are healthcare services like in South Africa?
- What are medical services in South Africa like?
- Are healthcare and health insurance expensive in South Africa?
- What are emergency services like in South Africa?
- Will I need to travel to see a specialist?
- Are common prescription medications available in South Africa?
- How are local medical facilities in South Africa?
- As a foreigner living in South Africa, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Should I buy or rent a home in South Africa?
If you live in South Africa, newcomers to South Africa would love to hear your answer to this question.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.