October 28, 2021

Buying property abroad – it’s easier than you think

Buying property abroad – it’s easier than you think

When it comes to buying overseas property, many South Africans are put off with concerns about cost, risks and complex paperwork. But it can be well worth the effort.

As one of South Africa’s leading specialist foreign exchange providers, we have assisted numerous clients with their currency requirements when buying or selling overseas property, giving us valuable insights into the process and some of the challenges they face. Here are 3 facts that we think you will find interesting and useful if you are considering buying or selling abroad.

1. The potential of good rental yield returns and capital appreciation

With the volatility of the Rand, many South Africans consider overseas property as an additional asset class to hedge against future Rand depreciation. Coupled with lucrative potential upside in foreign currency returns and potential future utility and lifestyle benefits, this becomes an even more attractive option.

2. It doesn’t have to be daunting

South Africans often believe that buying property overseas is too difficult and too expensive. While purchasing an overseas property entails a fair amount of documentation and navigating Exchange Control regulations, with the right partner to guide and simplify the process for you, there’s no need to feel overwhelmed.

3. Choosing the right partner

Buying or remitting proceeds from a sale of property shouldn’t be difficult, as long as you work with the right specialist Foreign Exchange partner. Currency Partners can add value to take the hassle out of the process for you, as well as help you make significant savings on your currency transfers. We can also assist you in securing an exchange rate in advance so you never miss out on a favourable market rate and give you peace of mind with certainty on your purchase price.

For more information and assistance, please contact us at enquiries@currencypartners.co.za.

Alternatively, you can get the ball rolling by completing our short online registration and a member of our team will contact you to discuss your requirements in more detail.

We look forward to partnering with you and saving you time and money.