Why SA buyers are flocking to this safe African country

Wealthy South Africans are increasingly buying homes abroad in search of security, stability, and smart investment opportunities.

While Europe and Mauritius remain popular, a closer country is emerging as a hotspot, ranked among Africa’s safest nations, politically stable, and attractive for both lifestyle and financial benefits.

Wealthy South African property buyers head across the border

BusinessTech reports that Namibia is attracting South African property buyers.

Ranked the fourth safest country in Africa, behind only Mauritius, Ghana, and Zambia, Namibia appeals to investors with its political stability, well-developed infrastructure, and growing reputation as a secure base.

The government actively promotes foreign investment, crediting the nation’s peaceful character and effective security services for the high ranking.

A consultant at Sovereign Group explains that South Africans are drawn to Namibia for its safety, stability, and structured environment, as well as tax benefits like no estate duty, no capital gains tax on private sales, and favourable trust laws that simplify asset protection.

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.