santamarlin
New member
This is exactly what I mentioned before, there is a correct way of going about this and unfortunately most South African developers did not follow the law, sometimes not easy because of language and cultural differences.
The law is very clear please see my previous post which does say what the news report said.
However the news report states, if I understood it properly as my Afrikaans is not 100% that you cannot own a house?
That is not correct. If the area that you acquired the house does not form part of the Tourism Area then yes you can provided the house has a title deed and by having this it is completely transferable to any nationality, what is not transferable is the LAND , so one cannot buy a plot but can by a house on the plot.
Some developers build and sell without going through correct legal system so they may be selling a house that has no title deed.
If it does fall into a tourism area then it has to go through a tourism project, yes timeshare is available but the Residential tourism system is also approved by the Ministry of Tourism where a developer can sell up to a maximum of 70% of the houses by means of title deed, THIS MEANS YOU OWN THE HOUSE 100 % and the remaining 30% he has to over some sort of tourism, for example lodge or rent the houses as self catering.
This has been done to give an opportunity for people to own houses in these tourist areas but at the same time part of that development will have a economic benefit for the area.
The law is very clear please see my previous post which does say what the news report said.
However the news report states, if I understood it properly as my Afrikaans is not 100% that you cannot own a house?
That is not correct. If the area that you acquired the house does not form part of the Tourism Area then yes you can provided the house has a title deed and by having this it is completely transferable to any nationality, what is not transferable is the LAND , so one cannot buy a plot but can by a house on the plot.
Some developers build and sell without going through correct legal system so they may be selling a house that has no title deed.
If it does fall into a tourism area then it has to go through a tourism project, yes timeshare is available but the Residential tourism system is also approved by the Ministry of Tourism where a developer can sell up to a maximum of 70% of the houses by means of title deed, THIS MEANS YOU OWN THE HOUSE 100 % and the remaining 30% he has to over some sort of tourism, for example lodge or rent the houses as self catering.
This has been done to give an opportunity for people to own houses in these tourist areas but at the same time part of that development will have a economic benefit for the area.
