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Cape Town

Anne Porter House
24 Dreyer Street
Claremont
Cape Town
7708
South Africa
T: +27 21 671 9120
F: +27 21 683 3370
referrals@res.za.knightfrank.com

Buying property in South Africa

Vredehoek

Vredehoek

asking price R 8 950 000

Constantia, Cape Town

Constantia, Cape Town

asking price R 6 800 000

Hout Bay, Cape Town

Hout Bay, Cape Town

asking price R 7 500 000

Hout Bay, Cape Town

Hout Bay, Cape Town

asking price R 4 250 000

Llandudno, Cape Town

Llandudno, Cape Town

asking price R 15 900 000

Rondebosch, Cape Town

Rondebosch, Cape Town

asking price R 9 700 000

Green Point, Cape Town

Green Point, Cape Town

asking price R 7 900 000

Oranjezicht, Cape TOwn

Oranjezicht, Cape TOwn

asking price R 14 500 000

Constantia, Cape Town

Constantia, Cape Town

asking price R 9 995 000

Claremont, Cape Town

Claremont, Cape Town

asking price R 1 750 000

South Africa has one of the best property registration systems in the world. The Deeds registry dates back to the first grant of land given in 1657 by the Dutch East India Company. The original document or 'Title Deed' was given to the owner and a copy kept in the Company’s books. This formed the first Deeds Register and these documents are carefully preserved in the Deeds registry in Cape Town.

All property that is suitable for ownership is recorded in the offices of the Surveyor General who is responsible for the survey and recording of all land in South Africa. Each erf or plot of land is carefully measured, and the corresponding erf number is the number used to describe the property purchased.

When a property or erf is sold, the transaction is then recorded by the Registrar of Deeds. The process is well regulated and the system ensures the security and indisputable right of the owner’s title. The purchaser can confidently rely on the title deed to describe precisely what he is buying, the size of the property and any registered servitudes.

Until 1986 there was only one kind of ownership of immovable property recognized in South African law, namely the traditional freehold ownership of an entire parcel of land or an erf. In 1986 the Sectional Titles Act was passed specifically to deal with the ownership of a flat or an apartment (a unit) within a building. This meant that a purchaser was able to obtain title and beneficial occupation of a unit within a building, could bond the unit and dispose of it in the same manner as if it was an individual erf.

There are no restrictions on foreign ownership of land in South Africa, although there has been some discussion on this subject. Foreigners may freely purchase and sell property and repatriate the original capital introduced from outside South Africa to make the initial purchase plus any profit made. Foreigners are also able to obtain mortgage financing from a South African financial institution to a maximum of 50% of the proposed purchase price.

 

 


Property for sale in South Africa