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," commented one expat who made the move to South Africa.
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Other Questions:
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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:
