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The increased risk of armed robberies by criminals posing as clients poses a serious problem to estate agencies as they all depend on ‘walk ins’ for new business.

Budget2020 and the property market

Budget2020 has been broadly welcomed by the real estate sector. Find out from property experts what it means for the property market, particularly the announced relief on transfer duties for properties of R1 million or less.

     

Speakers Corner

Expropriation without compensation remains an important issue that needs to be carefully resolved. What will happen to outstanding mortgages, farms and residential property are some of the concerns raised in response to “Why EWC remains a concern”.

     
     

What EWC means for real estate

​​Since at least the end of 2017, when the African National Congress (ANC) decided that land reform would be pursued through a policy of expropriation without compensation (EWC), there has been an odd belief that this is about farmland, something for farmers to worry about, since there was – in the memorable phrasing of one financier – ‘no reason to believe that residential properties will be affected.’

     

How SPLUMA will affect sellers

All municipalities must roll out their own by-laws in terms of SPLUMA (Spatial Planning and Land Use Management Act) by October 2020. Find out what is SPLUMA and how this will impact sellers.

     

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