Property Insights
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In-Depth Real Estate Guidance
Key Terms
South African Property Glossary
A reference for common real estate concepts and legal terms you’ll encounter as an investor in South Africa.
Title Deed
A legal document that proves ownership of a property and is needed for all property transactions in South Africa.
Transfer Duty
A tax paid to the government when property ownership changes hands, with specific rates set by South African law.
Bond Origination
The process of applying for and securing a home loan from a financial institution in South Africa.
Sectional Title
A form of property ownership where you own a unit in a complex, along with a share of common property areas.
Offer to Purchase
A written agreement between buyer and seller that sets out the terms and conditions of the property sale.
FICA
Financial Intelligence Centre Act; South African legislation requiring identity verification to prevent financial crimes.
Levy
A regular fee paid by owners in complexes to cover shared expenses like maintenance and security.
Mandate
The authority given to an agent to market and sell a property, usually defined in a contract.
Capital Gains Tax
Tax owed on the profit made when selling a property, with specific exemptions and rates in South Africa.
Occupation Date
The date when the buyer is entitled to move into the property, agreed upon in the sale contract.
Actionable Tips
Compare More Than Price
Look at location, condition, and long-term demand—these factors affect future value and rental appeal.
Know Your Legal Steps
Understand the paperwork and checks required to avoid delays and ensure a secure transfer process.
Budget for Ongoing Costs
Remember to account for rates, levies, insurance, and maintenance when planning your investment.
Ask for Local References
Speak with local agents or owners to get a real sense of neighbourhood risks and opportunities.