We begin with an initial consultation to understand your needs and preferences. From there, we assist with property selection, arrange viewings, and guide you through legal and financial procedures, ensuring a smooth and transparent transaction.

Investing in South African property offers opportunities for financial growth, access to a stable and growing real estate market, and potential residency benefits. South Africa’s diverse property market provides options ranging from urban apartments to suburban homes.

Get access to a wide range of properties, including residential homes, apartments, and commercial properties. Our team works with you to find properties that meet your specific criteria and investment goals.

My Wealth Space collaborates with experienced legal and financial professionals to ensure that all legal requirements are met and that your financial interests are protected. We assist with contract reviews, financing options, and compliance with South African property laws.

Yes, non-residents can obtain a bond in South Africa, but they may face stricter requirements and limitations compared to South African citizens. As a non-resident foreigner, the maximum LTV (Loan-to-Value) ratio you can obtain for a bond in South Africa is typically 50%. This means that you would be required to deposit at least 50% of the property’s value. However, some lenders may offer LTVs of up to 75% for non-residents who have a valid work permit or who have been residing in South Africa for five years or more. It’s advisable for foreigners to work with a bond originator who specialises in assisting non-resident buyers. They can guide you through the process and help you find the best options.

The timeframe for getting bond approval can vary depending on several factors, including the complexity of the application, the lender’s processing times, and any additional requirements that may arise. However, in general, you can expect the process to take anywhere from one to six weeks.

My Wealth Space partners with reputable bond originators like BondSpark to assist our investors with a streamlined bond application process. Please speak to one of our advisors for more information on this.

If the agreement is contingent on bond approval, the signed contract becomes null and void if the bond is not approved. In such cases, the agreement is no longer binding on either party due to the unmet condition of bond approval. Typically, the buyer’s deposit will be returned unless the agreement specifies otherwise. However, if the buyer is found negligent in obtaining bond approval, the seller may retain the deposit as specified in the agreement. It’s crucial to review the terms of the agreement to understand the implications of a failed bond approval on the contractual arrangement.

Our support doesn’t end at the purchase. We offer post-purchase services, including property management advice, rental assistance, and guidance on property maintenance. We’re here to help you make the most of your investment.

Buying property in South Africa as a non-resident is possible and straightforward. Here’s a basic overview of the documents you might need:

Essential Documents

Valid Passport: This is the primary identification document required for all foreign nationals.

Proof of funds: You'll need to demonstrate that you have sufficient funds to purchase the property. This can be in the form of bank statements, investment portfolios, or other financial documents.

FICA Documentation: This includes proof of address, such as a recent utility bill or bank statement.

Additional Documents (May be required)

Power of Attorney: If you cannot be physically present in South Africa to sign the necessary documents, you may need to appoint a power of attorney to act on your behalf.