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Why invest in South African property?

South Africa is an emerging global nation with tremendous natural assets and rich opportunities for expansion in tourism.

It has a growing middle class and is a country where increasing numbers of businesses are establishing operations and where foreign direct investment is strengthening.

Demand for residential property in South Africa comes from the affluent middle classes, from tourists seeking short-term lets and from international businesses looking for short and long-term commercial property rental. There is also a strong demand for basic housing for the poorer citizens of the nation.

Mainly because of the newly-empowered black middle class, prices have risen considerably over the last six years, although these increases have slowed slightly in recent times.

Yields for buy-to-let investors are reasonable in Johannesburg, standing at between eight to ten per cent for luxury properties and around four to seven per cent for other types of houses. Rents for two-bedroom properties have been rising by double-digit figures in some South African locations, up by 20.3 per cent in Pretoria and 13 per cent in Cape Town.

South African tenancy laws are pro-landlord - with only three out of nine provinces having established tribunals to contend with tenants complaining that their rents are too high.

Non-South African nationals can own immovable property in South Africa without restriction - although buying costs are reasonably high, between 8.9 per cent and 24.35 per cent of the property value, including estate agents commission.

South Africa has the biggest economy in Africa and is the continent's top superpower, with formidable financial and manufacturing sectors.

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