By far, the greatest attraction of repossessed properties is the potential of securing a valuable home at a relatively cheap price. Other advantages include not having to pay any transfer duties and the ability to secure a full 100% bond.

Location: Bergvliet, Cape Town
Asking Price: R2.1mil – R1.68mil

Comprehensive family home with large lounge with porcelain tiles. Separate dinning room with fireplace. Pool plus lots of secure off street parking offers from R2 100 000 to R1 680 000 negotiated until sold.

Property News: Repossessed Properties
In recent years South Africa has enjoyed one of the highest rates of property price growth in the world, but the down side of this is that it’s getting tougher to find an affordable new home.
One avenue buyers often choose to explore when looking for affordable houses for sale are Bank [...]

Bank Repossessed Properties offer buyers a really cheap alternative in a time of increasing property prices. Other advantages you’ll enjoy from buying one of the bank repos is a discount on your home loan registration costs – in fact you won’t need to pay any transfer fees which could amount to R14 000 on a [...]

If you’re looking to purchase a new home but can’t find a property you can afford while searching the houses for sale in your area, you may be over looking the bargains offered by bank repossessed homes.
In recent years Property Prices have increased sharply and rising interest rates are driving up the [...]