Conveyancing fees hike catches industry unaware
Property practitioners have been caught unawares with the sudden increase in conveyancing fees that came into effect on 16 May 2022.
Property practitioners have been caught unawares with the sudden increase in conveyancing fees that came into effect on 16 May 2022.
There is a very real danger that the series of recent rates hikes, while coming off a very low base, will slow impetus across the property sector.
In a first for the South African property market lease funding is now available. If you’re waiting on rental payments but short on cash, lease funding may be for you.
The chaos in which the Property Practitioners Authority operates in the wake of mismanagement during the EAAB years, was further emphasised by the postponement of the 19 May PDE exam.
Property practitioners can play a major role in the way a house up for sale is presented to prospective buyers by guiding present owners through a few steps to make the house look more attractive.
The South African news cycle is fast, and while most of us have already moved on from the news that floods ravaged large parts of Kwa-Zulu Natal on 13 April, many property owners are still in the throes of securing compensation from insurers in the wake of large-scale property destruction as a result thereof.
Despite being one of the single largest industries globally, the property and real estate sector, both locally and abroad, have remained well behind the technology curve.
The new PP Act which came into effect in February this year paved the way for a new dispensation in the industry, but indications are that the legacy left by an inept EAAB is a major cause for concern.
For many landlords, the idea of managing their own rental property or portfolio of properties seems relatively straight-forward.
Property practitioners not only have to cope with wide ranging changes to their work environment ever since the new Act came into operation on 1 February this year but are also faced with the digitalisation of the industry.