Twenty-five years since becoming a democracy, SA’s residential property industry is still largely untransformed. Fact. Identifying and addressing the issue, now that is no simple matter
There are many barriers to entry in the real estate industry – ongoing compliance issues coupled with the costs related thereto favour bigger established businesses and seriously inhibit start-ups.
Times are tough and with an ever-widening range of cheaper digital options continually becoming available to people who want to buy or sell a house, a commission-based estate agent must be ready to sell convincingly the services they can offer.
The owners and occupiers in residential sectional title schemes live close to one another and share the use of the common property, so their behaviour is subject to various types of regulation.