Buying Property in South Africa

It's a relatively simple matter to buy property in South Africa. Here are a few tips that foreign buyers need to know:

• Deal only with a qualified Real Estate Agent who must hold a valid annual Fidelity Fund Certificate (FFC) issued by the Estate Agency Affairs Board (EAAB) which is the regulatory body for all estate agents in South Africa. (Request proof of registration)

• Ensure that any funds transferred are paid into either the Estate Agent’s Trust Account (Escrow Account) or the Conveyancing Attorney’s Trust Account. You will then be protected.

This page provides access to all you need to know about purchasing property in South Africa, courtesy of leading Attorneys and Conveyancers, Smith Tabata Buchanan Boyes. For further information and expert advice contact STBB.