South Africa is a top destination for international property investors looking for high rental yields, capital growth, and scalable property investments. For a foreign investor considering property investment, a South African non-resident home loan may be the answer. Pair this with IGrow Wealth’s current limited bulk deals or a luxury home from IGrow Real Estate International. You could have a multiple-unit property portfolio in South Africa with no hassles.
IGrow offers assistance with financing from IGrow Home Loans, legal compliance, trust and company set-up and rental property management. This means you can be a remote investor. You can own South African property/ies offering a secure rental income. If you partner with IGrow Rentals, our Rental Managers will ensure your properties run smoothly and comply fully with South African rental laws. This means you can get an excellent ROI and do not run afoul of any local legislation that differs from your own country’s.
Why IGrow’s Bulk Deals are a good choice for foreign investors
If you are interested in building a property portfolio as a foreigner, IGrow’s current limited-edition bulk deal lets you purchase five to ten prime properties at once. You will be able to access excellent discounts, save on the usual costs, and have access to IGrow’s Rental Managers, legal advisors and accountants. They will handle the daily running of your property portfolio for you.
The bulk deals offer a variety of options for portfolio diversification by buying property in different South African suburbs and across different tenant demographic markets, or by buying in just one development or area for simplicity. Whatever your choice, you will be assisted throughout in your application for a home loan as a non-resident in South Africa.
With a full-service team from IGrow on your side, from IGrow’s property investment strategists, to IGrow Home Loans bond originators, to IGrow’s rental management team, you can’t go wrong! Foreign investors will be able to create a diversified, optimal income-generating property portfolio even if they live overseas, and can benefit from IGrow’s extensive experience with home loans for non-residents.
What does the current Bulk Deal include?
IGrow’s current “Limited Bulk Deal” offer has many discounts and investment support-oriented perks.
The five prime Properties included in the Bulk Deal
The five developments included in our current bulk deal (to create a 5-unit property portfolio) are:
- 305 Pine: Situated in Ferndale, Randburg, Johannesburg, offering eco-friendly 1-bedroom and 2-bedroom apartments. This complex has wonderful on-site amenities, including a gym, co-working space and a fun clubhouse.
- Park Crescent: Situated in Akasia, Pretoria North, offers studio apartments and is a great investment.
- Green Leaf Estate (launching soon): Situated in Brakpan, East Rand, Johannesburg.
- Cedar Valley: Situated in Forest Hill, Johannesburg, offering 1-bedroom and 2-bedroom apartments. This is a prime investment opportunity.
- Theresa Park: Situated in Akasia, Pretoria North, offering 1-bedroom and 2-bedroom units. This is a highly affordable investment choice.
This limited IGrow Bulk Deal 5 unit property portfolio has a value of approximately R3,300,000.
Bulk Deal benefits and discounts included
In purchasing five units under our bulk deal, investors have access to major benefits:
- Get hundreds of thousands of Rands in discounts on the entire 5 or 10-unit property portfolio purchase price.
- There are zero bond and transfer fees involved. There are no additional upfront legal or administration-related costs.
- Gain access to discounted rental management fees from IGrow Rentals’ Rental Managers.
- Have access to a “Rental Assist” contribution: IGrow will offset part of your monthly costs in the early years of your investments.
- Free Company/Trust set-up, as well as 1 year free access to IGrow’s trust management and accounting services so you can manage taxes and estate planning efficiently and effectively.
- A dedicated investment strategist will be assigned to you to help coordinate your property investment needs in both the short and long-term. Home loan financing is handled on your behalf by IGrow Home Loans (this applies to South African residents and non-residents/foreign investors).
IGrow offers non-residents and South African residents alike this incredible bulk deal as a way to own a multiple-unit property portfolio. The monthly contribution for the first 4-5 years, before you break even and start earning passive income, is as low as R4,400 / month (depending on the deal chosen) for the 5-unit Bulk deal. In addition, the areas in which these properties are located have been extensively researched by our expert acquisitions team and financially modelled by our Financial Modelling and Valuations Officer. This is to ensure they are truly A-grade investment properties with strong potential for inflation-beating capital growth.
How does the bulk deal work for a non-resident property investor requiring home loan finance in South Africa?
For a non-resident or a foreign investor IGrow’s bulk deal has key perks:
- Incredible discounts will mean your foreign investment will stretch further. To note: Non-residents can access a South African home loan of up to 50% of the property’s purchase price. IGrow Home Loans will apply for your home loan/s on your behalf and help you secure the best loan terms and interest rates via major South African banks.
- Zero bond and transfer duty fees significantly reduce your upfront costs.
- An incredible variety of free investment support- zero legal, accounting, and trust set-up fees and 1 year free service from each of these IGrow divisions.
- IGrow Rentals’ management team will take care of tenants, property maintenance, leases, and rent collection at massively discounted rates. This is the perfect arrangement if you live abroad.
- The ability to scale your property portfolio, so you can purchase multiple units. This means you can take full advantage of leveraging financing.
IGrow offers you support in accessing financing with home loans for non-residents through major South African banks, a limited bulk discount, and rental property management.
Integrating IGrow’s Bulk deal with IGrow Real Estate International properties
Our bulk deal is positioned for buy-to-let units.
IGrow’s international investors could choose to use a hybrid strategy:
- Make use of the bulk deal to generate a secure, cash-flow-positive rental portfolio.
- Add to the bulk deal with a lifestyle or luxury investment property from IGrow Real Estate International. This could either be your home-away-from-home when you visit South Africa, or a luxury investment aiming to produce a high rental yield and capital growth in a popular destination, or both.
IGrow Real Estate International’s properties are suited to luxury home buyers seeking an enviable lifestyle in beautiful locations, as well as high-end short-term rental or lifestyle/holiday home properties. This approach gives you balance. You will be able to leverage high yield property investments and excellent capital appreciation potential.
IGrow Real Estate International’s top property picks for foreign investors
Our foreign investors with greater upfront capital can also access IGrow Real Estate International’s premium, luxury homes. These properties offer strong ROI as well as the option of portfolio diversification and high-quality living standards. IGrow Real Estate International’s properties are ideal as a summer home for foreigners or as a rental investment property, situated within a secure, vetted, luxury home in South Africa.
IGrow Real Estate International’s Prime Property Picks!
1. Mzuri, Somerset West, Cape Town
Mzuri estate offers a luxury lifestyle in Somerset West, with on-site amenities for residents. There are walking and jogging trails, a dam ideal for sundowners or kayaking, a dog walking park, and beautiful design aesthetics throughout the security estate. Mzuri offers architectural excellence, solar-ready homes, and the comfort of a secure estate. Several of the properties have designated home office rooms ideal for remote professionals seeking a wonderful lifestyle.
Mzuri is ideal for:
- Families looking to relocate.
- Working professionals (specifically remote workers / digital nomads) looking to live close to the Cape Winelands, nature reserves, and beaches.
- Luxury rental unit potential.
- The potential for long-term capital appreciation in a sought-after area.
2. La Luc, Franschhoek, Cape Town
La Luc is an idyllic Franschhoek lifestyle development that offers everything you need and more in the second part of your life. There is a state-of-the-art health and wellness facility offering 24-hour medical and frail care, a spa, and sauna. The development offers full-time manned security in a gated community.
You can choose from 10 well-designed home layouts on your own plot, with freehold ownership and the perfect customisation options. La Luc is a pet-friendly community with breathtaking 360° mountain views. There is an on-site clubhouse including an elegant bar, signature restaurant, deli, indoor and outdoor swimming pools, and a glass-walled gym. There is a dam and landscaped walking trails on the etsate.
La Luc is Ideal for:
- Those looking for a safe, luxurious country lifestyle in a wellness-centred estate. One resident must be over 50.
- Upsizers/ downsizers seeking low-maintenance, customisable country homes with access to top-quality medical support, if necessary.
- Foreign lifestyle buyers adore the tranquil Cape Winelands. The high-quality lifestyle on offer includes premium facilities, beautiful mountain views, and a tight-knit community.
- Relocators wishing to settle in the Cape Winelands in Franschhoek with top-notch security and amenities.
- Foreign investors seeking a pet-friendly luxury estate lifestyle.
3. The Charlotte – Cape Town Foreshore
The premium high-rise apart-hotel known as The Charlotte is minutes away from the V&A Waterfront, as well as the CTICC (Cape Town International Civic Centre). It is being thoroughly renovated as luxury apartments while preserving its gorgeous historic features and classic style.
The Charlotte is ideal for:
- Short and long-term buy-to-let luxury rentals.
- International travellers and businesspeople looking for a Cape Town city pied-à-terre.
- Luxurious Airbnb short-term rental opportunities.
These three developments are situated in sought-after locations, offering strong tourism/rental demand. These properties are ideal for a foreign investor looking for portfolio diversification and can be purchased by non-residents with a home loan from a South African bank. IGrow Real Estate International and IGrow Home Loans have extensive experience in arranging property purchases for international buyers and can assist you every step of the way.
Conclusion
Our IGrow Bulk Deals, featuring A-grade South African investment properties such as 305 Pine, Park Crescent, Cedar Valley and Theresa Park, offer non-resident investors a unique opportunity to start a 5 or 10-unit/ multi-unit portfolio leveraging home loan financing. This will be at a discounted rate with free support services for a year.
When a foreign investor takes out a non-resident home loan, has access to legal assistance, trust setup, and full property management from IGrow’s rental managers, this opportunity is a game-changer! This package deal is an attractive opportunity for foreign investors.
Pairing IGrow’s bulk deals with lifestyle and luxury-focused property investments is a golden opportunity! Or simply investing in an IGrow Real Estate International property, such as those at Mzuri, La Luc, or The Charlotte, is an excellent investment in South African luxury property for non-residents, too! We hope our guide to home loans for foreigners will be helpful to those wondering how others have bought property here.
As a foreign investor, contact an IGrow Property Investment Strategist today to set your South African property portfolio in motion.
