For South Africa’s wealthy, the search for security, stability, and smart investment opportunities is driving an increasing number of property buyers to purchase homes beyond their borders.
While Europe and Mauritius often top the list, a closer destination is emerging as a hotspot.
And it’s a nation that’s ranked among the safest in Africa, politically stable, and highly appealing for those seeking both lifestyle and financial advantages.
Wealthy South African property buyers head across the border
According to BusinessTech, the country pulling SA property buyers in is none other than Namibia. Ranked the fourth safest country in Africa, behind only Mauritius, Ghana, and Zambia, Namibia has caught the attention of investors with its mix of political stability, well-developed infrastructure, and growing reputation as a secure base.
Its government openly promotes foreign investment, and officials credit the ranking to the nation’s peaceful character and effective security services.
According to a consultant at Sovereign Group, Namibia’s draw for South Africans is simple: safety, stability, and structure. Its tax regime offers significant advantages: no estate duty, no capital gains tax on private sales, and favourable trust laws that make asset protection easier.
Investors benefit from guarantees under the Foreign Investment Act, with perks like free repatriation of capital and simplified employment permits.
Property is the main draw. Coastal hotspots like Swakopmund mirror South Africa’s own coast, with prices ranging from N$800 000 (R800 000) to N$2.5 million (R2.5 million) for most homes, while luxury properties can reach N$8 million (R8 million) and up. Proceeds from sales can also be taken out of the country, a big plus for foreign buyers.
Residency incentives also strengthen the case. Retirees with offshore income qualify for permits, while permanent residency is available to those with a net worth of at least N$4 million, half invested in local property.
Looking ahead, Namibia’s wealth growth trajectory is strong.
The latest Africa Wealth Report, BusinessTech says, projects the country’s millionaire population will grow by 85% by 2033, second only to Mauritius. With African wealth overall expected to rise by 65% in the next decade, Namibia is set to remain a magnet for those seeking both safety and opportunity.
Which country would you like to buy property in?
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