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  • Guest House For Sale

    Click to enlarge LINDEN - Situated on a quiet side street in sought after Linden is this beautiful, fully zoned guest house featuring 10 ...
    Area: Linden
    Erf Size: n/a
    Building Size: n/a
    R 6 000 000
  • Guest House For Sale

    Click to enlarge Some 5 kms from Magaliesburg, situated in a tranquil valley on 45 hectares of pristine riverine bushveld, (an hour from ...
    Area: Magaliesburg
    Erf Size: 29000 m2
    Building Size: 2000 m2
    R 14 000 000
  • Office Block Investment For Sale

    Click to enlarge 3 Long term stable tenants in this fully let office building situated in a prime position in Sunninghill Measurement: 2...
    Area: Sunninghill
    Erf Size: n/a
    Building Size: 2435 m2
    R 35 000 000

Following Land Reform Minister, Gugile Nkwinti’s recent announcement that foreign land ownership will be restricted ...
Feb 13, 2013

Following Land Reform Minister, Gugile Nkwinti's recent announcement that foreign land ownership will be restricted to leasehold once government's land policy is finalised and passed into law, Seeff Chairman, Samuel Seeff has called for greater clarity on this. From what we understand, this is a decision taken at the Mangaung Conference, but it is unclear whether this applies to state or privately owned land, or both. It is also not clear whether this extends to agricultural land only or also to residential ownership, he says.
While we agree with the philosophy of wanting to restrict the sale of government owned land, we would question the value of restricting private land ownership by foreign nationals. Foreign property ownership accounts for an insignificant 1% of all ownership. FNB's latest Property Barometer puts foreign property sales at about 3,5% of all sales and, even at the height of what is viewed as one of the best property booms in decades (i.e. between 2003 and 2007/8), foreign sales was at just over 6%, he says. These figures also do not take into account that foreigners also sell property, the net effect of which brings this percentage down to about half, he adds.

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