Properties for sale South Africa

What are the incidental costs of buying in South Africa?

If you would like to buy a property in South Africa, then as a buyer you must expect the following costs:

- The costs for the purchase of real estate amount to approx. 9% of the purchase price.

- If you buy a company, business or trade which is subject to VAT, then the transfer costs do not apply.

- Notary and registration fees: 1 - 2 % depending on the purchase price.

- Real estate agent commission in South Africa: Buyers do not pay commission.

- Notary fee is negotiated and is less than 1 %.

- VAT in South Africa is: 14 %.

Detailed information on land and property purchase can be found here South Africa Country Information.

House for sale in Wilderness

Properties - Real Estate in South Africa for sale

Our real estate offer in South Africa: Beautiful properties for sale in South Africa. Farm, boutique hotel, holiday home and villa, commercial property.

What do I have to consider when buying a property in South Africa?

Once you have found and viewed your dream property, a preliminary contract is drawn up. After that, you pay a 10% deposit, which means you have bought! Now the property is checked by a notary or lawyer to see if everything is registered in the land register, all bills (wages, electricity, water, taxes etc.) are paid. If this is the case, then the notary contract is signed within 30 days and you then pay the remaining sum. After that, the seller signs and the notary starts with the transfer of the property. If you do not buy after paying the deposit, it will not be refunded. If the seller sells elsewhere because he gets a better offer, then you get the 10% deposit + 10% refunded by the seller. However, this happens very rarely. In our case it has never happened. If there are any open "items" when you check the property, then the seller has to put them in order, and only then can you buy.