South Africa, often hailed for its stunning landscapes, diverse cultures, and rich history, has become an increasingly attractive destination for those seeking an exceptional quality of life.
With excellent amenities, healthcare, and a cost of living that is notably affordable compared to many Western countries, it's no wonder that South Africa has caught the eye of international buyers, plus another appealing aspects for potential buyers is the significantly lower property prices compared to the UK.
Samuel Seeff, Chairman of the Seeff Property Group, based in South Africa says, “Similar to many other economies including those of the UK, Europe, Canada, and the USA, the South African economy had to grapple with the challenges of rising inflation and a higher interest rate. Naturally, one of the areas where it is most felt is the residential real estate market and the first half of this year was characterised by a cycle of aggressive interest rate hikes.
Despite the slower market in 2023 we have continued seeing UK, German and other international buyers invest in high demand areas within South Africa. Cape Town and the Cape coastal areas as well as estates such as vineyard and golf estates are especially popular with UK buyers. Inland “bushveld” areas are also popular, especially wildlife, golf, and lifestyle estates.
SA is a popular second home destination, for those who come here for extended periods of up to 6 months to escape the cold European winters, as well as a place to retire to.”
Lifestyle in South Africa
The lifestyle in South Africa is marked by an excellent climate, robust infrastructure, and superb amenities. Whether you're in the bustling city or a quaint coastal village, you can find everything you need. The proximity of daily direct flights to major centres, with flight times typically under 12 hours, adds to the convenience for international travellers.
Nature enthusiasts can enjoy the world-renowned Kruger National Park, which is just a 4–5-hour drive from Johannesburg, offering a safari experience in one of Africa's most iconic wildlife reserves.
The Cape region, especially Cape Town, is a haven for those seeking a blend of natural beauty and cultural richness. Spectacular coastal areas, pretty villages, whale watching, and beachside eateries are all within a 1–2 hour's drive from the city. The wine enthusiasts have a treat in store with world-famous wine regions like Stellenbosch, Franschhoek, and Paarl, each offering its unique charm.
Popular areas for UK buyers
Cape Town's Atlantic Seaboard is particularly popular, encompassing scenic suburbs like Camps Bay, Clifton, and Bantry Bay. These areas offer a picturesque setting with white sandy beaches, mountain views, and easy access to vibrant restaurants. The Constantia and Bishopscourt areas, known for their lush greenery and proximity to the oldest wine valley in South Africa, are also favourites.
Coastal hotspots such as Hout Bay, Llandudno, False Bay, and Bloubergstrand appeal to those who seek a beachfront lifestyle with breathtaking views.
The Garden Route, featuring Knysna and Plettenberg Bay, as well as golf estates around George and Mossel Bay, provide additional options for those seeking a mix of natural beauty and recreational activities.
And inland areas, especially in popular SA Bushveld locations like Hartbeespoort and estates closer to the Kruger National Park like Marloth Park, cater to those who desire a tranquil and wildlife-rich environment.
South Africa's allure lies not only in its diverse landscapes and rich cultural tapestry but also in the property opportunities it presents.
If you're considering making South Africa your new home or investment, we can assist you, please get in touch with us here.
Author:
Alasdair Hedley
Head of International
