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Foreign Buyer Property Solutions has warned foreign buyers that using the wrong Balance of Payments codes can result in capital being frozen.
South Africans are forced to cut back on discretionary spending, cancel subscriptions, reduce medical spending, and even move into smaller homes to stay afloat.
South Africans who invested in rooftop solar to escape load shedding are being warned that going off-grid could become costly if they do not comply with increasingly strict regulations.
Property prices have jumped 37% despite the collapse of government services in a small seaside town.
Just Property CEO Paul Stevens described the current residential property market as “the great downsizing,” in which homeowners are choosing smaller, more efficient homes amid cost pressures.