Are foreigners allowed to own property in South Africa?
When we asked expats in South Africa if foreigners are allowed to own property, they answered...
"Yes, foreigners are allowed to own property in South Africa. The South African government has put in place a number of regulations to ensure that foreign ownership of property is regulated and monitored. Foreigners are required to obtain permission from the South African Reserve Bank before they can purchase property in South Africa. This permission is granted on a case-by-case basis and is subject to certain conditions. In addition, foreigners are required to pay a transfer duty when purchasing property in South Africa," mentioned another expat when asked about moving to South Africa.
Other Questions:
- What do I need to know before moving to South Africa?
- How do I find a place to live in South Africa?
- What is a typical expat home or apartment like in South Africa?
- What is the average cost of housing in South Africa?
- Should I buy or rent a home in South Africa?
- What should I pack when moving to South Africa?
- What cultural faux pas should I try to avoid making in South Africa?
- Why do people move to South Africa?
- What are healthcare services like in South Africa?
- What are medical services in South Africa like?
- What are typical rents in South Africa?
- What appliances are typically included in a rental?
Are foreigners allowed to own property in South Africa?
If you live in South Africa, newcomers to South Africa would love to hear your answer to this question: