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South African property investment guide
South African property investment comes down to the numbers, the property, the area and the deal terms. This guide gives you a starting point before you speak to TEP or another professional.
Start with the property
Check ownership, condition, price, area, local services and what similar homes are selling or renting for.
Count the full cost
Add transfer costs, legal fees, levies, rates, repairs, insurance, vacancy and management costs to your budget.
Know how you will get out
Think about how long you plan to hold the investment, when you may need your money and what has to happen before you can sell or exit.
If you live abroad
Distance makes good paperwork even more important.
Keep copies of offers, property reports, agreements, bank instructions and proof of payment. Ask questions when something does not make sense.
Read next
- Property mistakes expats make.
- Understanding property cycles.
- Company checks and proof documents.
- Investor pack and application.