Land for sale in South Africa
Buying land in South Africa involves several important considerations for both local and foreign
Foreign Ownership: of land in South Africa
Foreigners can own property in South Africa, including vacant land. There are generally no restrictions, except for agricultural land where the government has proposed limitations.
Foreign property owners have similar rights to South African citizens regarding occupation and use, subject to local laws.
No specific governmental authorization is required solely for buying property as a foreigner, but standard transaction processes apply.
Funds brought into South Africa for property purchase must be declared to the South African Reserve Bank and transferred through an authorized dealer.
Non-resident sellers of property over R2 million are subject to a withholding tax on the sale, payable by the buyer through the conveyancer.
Real estate
