South Africa Property

The idyllic climate and stunning scenery in South Africa is attracting homebuyers from all over Europe and particularly the UK. With English as the main language throughout the country, property purchasers find it easy to adapt to the South African way of life. Rich cultural diversity adds piquancy to the country and offers property buyers ideal holiday and rental options on their properties. Outstanding shopping good banking facilities and a strong infrastructure combine to make South Africa an extremely popular destination for second homebuyers.

With political and economic stability, many European citizens now consider South Africa to be not only a country for holidays, but also the place of choice for retirement or permanent homes. Here they find a wide range of fairly priced properties suitable for their needs in beautiful coastal resorts as well as in the stunning wine territories of the Western Cape, and further along the Garden Route. The weak Rand against other major currencies gives property buyers strong purchasing power.

Find out more about property in South Africa and investment property opportunities in South Africa by using the links below.

Homebuyers in South Africa

For second homebuyers or those seeking to relocate or retire, South Africa has a wealth of opportunities on offer. Not only is it easily accessible from Europe and other Northern Hemisphere countries, but it also has an outstanding climate and a superb outdoor lifestyle. Homebuyers enjoy a lower cost of living and good quality of life,supported by an excellent infrastructure for the ideal lifestyle in the sun.

Whether your choice is in outlying areas, engulfed in scenic beauty or in the buzzing cities, you will find property prices lower than in many other regions of the world. A popular choice for many South African homebuyers is in secure communities with shared amenities such as swimming pools and tennis courts.

South Africa offers holiday homebuyers excellent facilities such as beautiful, long white beaches stretching endlessly along the coast. Those wishing to rent out properties when they're not in use will find a lively market both in short and long term rentals.

South Africa Property Hotspots

Owing to factors such as internal migration to the coastal areas and the strong tourist market, the areas around Cape Town and the Western Cape remain firm favourites with property buyers. From the wine lands around Stellenbosch and Franschoek, to further up the West Coast as far as Saldanha and stretching through the Garden Route, buyers will find properties of a high standard with good quality finishes at much lower prices than comparable properties in other parts of the world. Other developing hotspots in South Africa are to be found in the areas around Durban, particularly KwaZulu Natal.

South African Property Investment

Leaving South Africa's scenic beauty aside in terms of standard of living and climate, today's overseas property investors will find many political and economic advantages through investing in South Africa property. Investment in commercial property has achieved substantial growth in past years and looks set to continue with the help of various incentives, such as tax breaks, the government has put in place. Lifestyle factors have had a profound effect on property markets in certain regions. These, coupled with changes in technology and working patterns, have led to the opening up of areas where workers were previously reluctant to live, thus widening the areas where buying property becomes a feasible, fashionable and profitable option.

While the higher end of the market is showing a definite slowdown (properties priced at ZAR1, 500,000 and above), middle priced properties are maintaining their growth largely thanks to the relief in transfer duty. In certain selected areas, there are many opportunities for making good profits from South African property and careful research and advice is essential if property buyers are to ensure the best returns on their purchase.

Reasons why South Africa property is a good investment

A solid economy showing steady growth (4.5% in 2006)
A politically stable country with a government dedicated to encouraging outside investment.
A warm temperate climate with the advantage of the reverse seasons of the Southern Hemisphere.
Stunning scenery, beautiful beaches and a relaxed outdoor lifestyle.
Superb opportunities for viewing wildlife.
A good infrastructure with excellent facilities for travelling around the country.
No jetlag owing to similar time zones to Europe.
English is the official language for legal matters and is widely spoken.
Transparent and well regulated property purchase process.
Clear title deeds confirming ownership of property.
High rental demands due to the rapidly expanding middle-class and growth in tourism.
Exchange rate between the South African Rand and other major currencies favours property purchase.

Homebuyers in South Africa

Whether your choice is in outlying areas, engulfed in scenic beauty or in the buzzing cities, you will find property prices lower than in many other regions of the world. A popular choice for many South African property buyers is in secure communities with shared amenities such as swimming pools and tennis courts.