International Buyers
I want to invest in South African property.
International buyers may acquire South African investment property through a RentAssist Instalment Sale Agreement, subject to South African law.
The Challenge
What This Scenario Looks Like
Foreign buyers frequently face restrictions or lengthy processes when applying for South African bank finance, even where funds and intent are strong.
How an Instalment Sale Agreement May Help
A RentAssist Instalment Sale Agreement provides an alternative acquisition structure supported by qualified South African legal professionals, subject to all applicable exchange control, tax, FICA and property law requirements.
Potential Benefits
- Alternative to arranging South African bank finance as a non-resident
- Transaction professionally structured under South African law
- Purchase price agreed at the start of the transaction
Things to Consider
- Exchange control, FICA and tax rules must be complied with
- Independent tax and legal advice in the buyer's home jurisdiction is recommended
- Currency movements should be planned for
A Practical Example
A non-resident buyer identifies a South African investment property, agrees terms with the seller, and completes the transaction through RentAssist and appointed South African legal professionals.
Frequently Asked Questions
Can a non-resident own property in South Africa?
Non-residents may generally own South African property subject to statutory requirements. Each transaction is reviewed for compliance with the applicable regulations.
Next Step
Discuss Your Property Situation
Contact RentAssist to explore whether an Instalment Sale Agreement may be suitable for your specific circumstances. Each transaction is subject to legal, financial and commercial review.