±JOIN OUR NEWSLETTER

Get useful expat articles, health and financial news, social media recommendations and more in your inbox each month - free!



We respect your privacy - we don't spam and you can unsubscribe at any time.

±Compare Expat Providers

Expat Health Insurance Quotes

Foreign Currency Exchange Quotes

International Moving Quotes

We're very social! Follow Expat Focus on Facebook, Twitter, Pinterest and Google+

Expat Focus Facebook PageExpat Focus on TwitterExpat Focus Pinterest PageExpat Focus Google+ Page

Notify me when new content is added about a country

±Expat Focus Partners

Property Prices

South Africa - Property Prices


One of the most challenging aspects of moving to South Africa as an expat is finding out what you should be paying for real estate. Property sales are conducted through just a handful of real estate agencies. In addition, it can be difficult to get an accurate determination of any property values because prices can fluctuate a great deal (it is more difficult to find accurate pricing for more remote areas).

The largest growth in terms of property values is in Cape Town and Durban, though the other larger cities offer similar patterns. These locations have seen the most growth mainly because of an influx of foreign investors and expats. They also typically offer higher levels of employment and a better standard of living.

South Africa, like much of the world, has seen a decrease in property values over the last 12 to 24 months (as at 2010). In fact, some estimates state that the current rates are the lowest they have been in 23 years. Higher unemployment and less consumer spending has further decreased property values. On the other hand, South Africa has a strong rental market, which is particularly popular with foreign nationals moving into the cities. A fully furnished, two bedroom unit may cost about $500 to rent per month in one of the larger cities.

This is not to say that property here is necessarily cheap. Consider the following price points for some properties currently available in South Africa:

- An upmarket, larger four bedroom home on the beach with amenities such as pools and Jacuzzi, fully furnished priced at ZAR 2.2 million.

- A smaller home with a cottage feel and just one bedroom, with views of the sea, sold furnished, priced around ZAR 400,000.

- An upmarket secure flat with two bedrooms on the beach costing ZAR 800,000 to ZAR 850,000.

- New construction here ranges widely in terms of cost. However, a new property, with a distant view of the sea, a garden, automated garage, pool and with two bedrooms and two baths could cost ZAR 2.4 million.

As always, the best way to get accurate, up to date pricing is to work with a local real estate agent.


Read more about this country



Expat Health Insurance Partners


Aetna

Our award-winning expatriate business provides health benefits to more than 650,000 members worldwide. In addition, we have helped develop world-class health systems for governments, corporations and providers around the world. We want to be the global leader in delivering world-class health solutions, making quality health care more accessible and empowering people to live healthier lives.

Aviva

Health is your number one priority. At Aviva we understand this, which is why we’re focused on helping you and your family access high quality healthcare at home or overseas. Our award winning medical insurance will help you get the treatment you need or simply provide guidance and advice wherever you are, 24/7.

Bupa Global

At Bupa we have been helping individuals and families live longer, healthier, happier lives for over 60 years. We are trusted by expats in 190 different countries and have links with healthcare organisations throughout the world. So whether you're moving abroad for a change of career or a change of scene, with our international private health insurance you will always be in safe hands.

Cigna

Cigna has worked in international health insurance for more than 30 years. Today, Cigna has over 71 million customer relationships around the world. Looking after them is an international workforce of 31,000 people, plus a network of over 1 million hospitals, physicians, clinics and health and wellness specialists worldwide, meaning you have easy access to treatment.