The publication of the new PP Act Regulations and the PPRA’s failure to timeously produce detailed guidelines was followed by stakeholders interpreting and adapting the legislation subjectively to suit their own agendas.
Despite common belief, the finish line when buying and/or selling property is not reached when entering into an agreement of sale or even when signing the transfer documents at the conveyancing attorney’s offices.
The biggest risk for prospective property developers is delivery, especially in current times with the property sector having become substantially more cost driven.