Why Invest?
South Africa today is one of the most complicated and talented emerging markets globally. The unique combination of a highly developed first-world economic infrastructure and a huge emergent market economy has given rise to a strong entrepreneurial and dynamic investment environment.
[ More Info ]
Market Report
We forecast that the demand for Cape Town coastal properties will remain strong over the holiday season as buyers, buoyed by low interest rates and rocketing values get in line to invest in the Cape Town property market.
[ More Info ]
Economic Overview
South Africa has a sophisticated economy based on manufacturing, mining and financial services in which macro-economic indicators like interest rates and the strength of the Rand (unit of currency in South Africa) are critical.
[ More Info ]
Visa/Residency IssuesNo visa is required for any UK citizen spending up to 90 days in South Africa.
[ More Info ]
Getting to Cape Town
An approximate flight time to Cape Town from London is 12 hours.
[ More Info ]
Fees & Taxes
- Transfer costs relate to the transferring attorney. They are calculated on a sliding scale regulated by a tariff and amount to between 1-2% of the purchase price.
- Estate agents commission is normally paid by the seller, is 7.5% plus VAT (VAT is currently 14%).
- Mortgage costs are the costs incurred for raising mortgage finance. These fees include inspection fees of 0.2% of the bank valuation. Mortgage registration fees according to a prescribed tariff are payable to the registering attorney.
[ More Info ]
|
|
South Africa
|
 |
Basic Information
| Population |
42.6 million |
| Languages |
South Africa has eleven officially recognised languages: Afrikaans, English, Ndebele, Sepedi, Sesotho, Swati, Tsonga, Tswana, Venda, Xhosa and Zulu. |
| Area |
1,228,376 sq.km |
| Currency |
South Africa Rand (ZAR) |
| Dialing Code |
+27 |
| Emergency Services |
112 |
South Africa Overview
South Africa, officially the Republic of South Africa is a country located at the southern tip of the African continent. It borders the countries of Namibia, Botswana, Zimbabwe, Mozambique, Swaziland, and Lesotho (an independent enclave entirely surrounded by South African territory).
South Africa is often referred to as "The Rainbow Nation", a term coined by Archbishop Desmond Tutu and later adopted by then-President Nelson Mandela.
By 2007, the country had joined Belgium, the Netherlands, Spain, and Canada in extending the right of marriage to GLBT people.
Average Property Prices- One-bedroom apartment.... £96,000
- Two-bedroom apartment..... £143,000
- Three-bedroom villa............. £230,000
- Four-bedroom villa............... £287,000
Buying Process
- Once you've decided to buy the property, you must make an offer in writing.
- Your name and address.
- The seller's name and address.
- The property address or erf number or section number.
- The price you are offering to pay.
- Whether or not you are entitled to a "cooling off" period.
[ More Info ]
|
