European banks are very reluctant to finance properties in South Africa, so that cash payment is usually the only option. Buying a Farm Many people dream of owning a farm in Africa. Without the proper know-how, such a possession can become very costly. In the Cape area, agricultural estates, specially the lucrative wine and fruit farms, have become very expensive. Game farms, especially in Mpumalanga, are interesting investment prospects as well.
Any foreigner can buy real estate in South Africa.
Due to the favourable exchange rate, property in South Africa is affordable. The Cape region is the safest place for an investment in property, as there is still a strong influx of buyers from the Johannesburg area, which keeps the prices up. The Garden Route is a growth area as well. The property market in the whole country is firmly in the hands of a few estate agencies. Private sales are relatively rare.