How to buy a house in South Africa

To buy a house in South Africa, start with Property24Private Property. You can also look at Facebook groups or other social media. One well-known instance is Huis Huis Cape Town Rentals.

Steps to buy a house

You want to keep several things in mind when you buy housing in South Africa. These steps are not in order.

Determine your budget

It’s essential to figure out how much you can afford to spend. Consider all the house costs, including taxes, fees, and renovations.

Your budget is the sum of the three following things.

The past savings you can gather from yourself or your family. You want to use this money for a deposit, taxes, or the most essential renovations.

The monthly expenditure in rent or housing you have now. This is the money that you will go into the monthly repayment of your mortgage or funding.

The monthly future savings you predict you will have in the next several months. This is extra money you can count on your budget.

Find a property

To find a property in South Africa, search online or contact a real estate agent. Once you find a property you like, schedule a viewing.

You may want to get financing first to know how much money you can spend.

Hire a notary

In South Africa, you need a notary to handle the legal aspects of buying a property.

A notary will ensure that the contract is legally binding and register the change of ownership with the land registry office. You may also need a real estate lawyer to help you. That depends on the house you want to buy.

Pay a deposit

Sometimes the person you are selling the house may ask you for a deposit. That’s not a legal requirement, but it is frequent. You should use a legal intermediary, like a notary or a real estate broker, to manage your deposit. You can return a part of your deposit if you are no longer buying the property.

You can avoid all this by getting your financing first, so you can make an offer.

Get financing

If you need money, first ask your family and friends. It is the cheapest money you can borrow, and you can give back interest money to your community instead of a bank.

If you need financing to buy a house, you can apply for a mortgage from a bank. You may need to go around several banks to find a mortgage that meets your needs.

You’ll need to provide documentation, such as proof of income, identification, and credit score.

You can look for government programs and incentives for homeowners. Do your research, but also ask for counseling from your bank.

Make an offer and sign the contract.

Once you have found the house and are satisfied with the property’s condition, you can make an offer. Once you have achieved an agreement, you can sign the contract in the presence of a notary.

Pay and register your property.

You need to pay for the house and the real estate taxes that come with the house. You also want to register your new property at the land registry.

In South Africa, You can do all this with the help of your notary.

Find a property to buy in South Africa.

You can find properties in South Africa on real estate websites or apps, in South Africa.

Baidu, Google, Naver, Sogou, Yandex, or any other search engine can be a good start for a search for an apartment or a house for rent. This could be, for example, “House for sale in Cape Town” or “House for sale in Johannesburg.”

You can also ask around among family and friends. Maybe someone knows someone who’s looking for a buyer for their property.

You can look at house actions in an area that interests you.

Types of houses to buy

You can find the following type of houses in South Africa:

  • Farms: A farm is an agricultural property. Wine farms, animal farms, and food farms are common in South Africa.
  • Small Holdings: Smallholdings are farms and plots. A small holding might be over 10 hectares but is generally smaller than a farm.
  • Batchelor Apartments: Batchelor apartments have one bedroom, a living/dining area, a kitchen, and a bathroom.
  • Flats: This sort of home contains one or two bedrooms, with larger flats having three.
  • Town Houses: Town house property may be a one-story semi or two-story duplex.
  • Cluster Houses: Complex dwellings are cluster houses. Garden and pool maintenance is the owner’s duty, unlike town home complexes.
  • Cottages: Larger homes have cottages. They are normally leased apart from the main structure.

How much to buy a house in South Africa

The average price per square meter for a house, or an apartment, in South Africa is around 8,000 R, or euro, increasing to R 30,000 in Cape Town and R 10,000 in Durban.

1000 ZAR, or R, is about 53 US dollars. That is about 4,391 Indian rupees or 382 Chinese yuan.

Buying an apartment in the city center can cost around 8,000 R.

Buying an apartment outside of the city center can cost around 7,800 R.

Buying an apartment in the city center can cost around 30,000 R in Cape Town.

In Cape Town, buying an apartment outside of the city center can cost around 15,000 R.

In Durban, buying an apartment in the city center can cost around 10,000 R.

Buying an apartment outside the city center in Durban can cost around 12,000 R.

Are foreigners allowed to buy property in South Africa?

Foreigners have no restrictions on purchasing real estate in South Africa. Foreigners acquire properties in large South African cities such as Cape Town, Johannesburg, and Durban.

Read more about

How to find an apartment in South Africa

How to rent a house in South Africa

Real estate websites in South Africa

Source: Numbeo

Photo by Clodagh Da Paixao on Unsplash, Johannesburg, South Africa.


Leave a comment if you have any suggestions or experiences that can be useful to everyone.
Be careful to leave your personal details in public.

We are a group of volunteers, and we rarely reply to comments here.

Please contact us if you have questions or need help.

Leave a Reply

Your email address will not be published. Required fields are marked *