Threats and opportunities

What threats and opportunities face the conveyancing profession, and what do you think - let us know. A straw poll conducted recently revealed the following, and they are worthy of your comment and consideration:

Threats:

• Slowing property market - less demand;
• Increased competition amongst conveyancers (lower margins);
• Financial institutions using technology to monitor performance;
• New property legislation - many unknowns;
• Local authority and Deeds Office delays;
• SARS initiatives to check taxes before transfer; and
• Zimbabwe style land anarchy.

• Tech savvy firms can still do well;
• Decreasing bandwidth/Internet/telephony costs;
• Rates, SARS and other electronic initiatives;
• Many new land parcels to be unlocked;
• General economic growth still strong; and
• SA considered under borrowed - new bond opportunities.