Department of Rural Development and Land Reform
Invitation for comments on the Green paper on land Reform, 2011
The Department of Rural Development and Land Reform hereby invites any interested person or body to provide comments on the Green Paper on Land Reform, 2011 (hereinafter referred to as Green Paper), as published hereunder.
The Green Paper seeks to provide new policy direction on Land Reform and it also proposes the establishment of institutions to support the implementation of the policy proposals contained in the Green Paper. Copies of the Green Paper can be obtained from the offices listed below and it can also be downloaded from the Department's website.
Green Paper on Land Reform
Property Market Still Conducive to New Home Buyers
Ooba - South Africa
Residential property prices showed a moderate decline during September, according to the latest results released by ooba, South Africa's leading bond originator. The September oobarometer price index revealed that the average house price decreased by 2% year-on-year to R838 645 from R855 729 a year earlier. Positive growth of 1.1% was recorded on a month-on-month basis in September.
According to Saul Geffen, CEO of ooba, he expects the current trend of monthly nominal slight negative or slight positive growth swings to continue for the remainder of the year. He attributes this volatility primarily to the changing mix of buyer profiles and properties purchased relative to the base year in 2010.
The continued growth in the average purchase price amongst first time buyers, with year-on-year growth of 6% to R 619 920 in September 2011 from R 584 890 a year earlier, reflects a trend of increased activity for first time buyers.
NLIS hits 20 million searches
NLIS - UK
Land Data and NLIS celebrated the 20 millionth NLIS electronic search,
at an event held at Land Data's offices in London. The milestone is particularly significant as NLIS also celebrates its tenth anniversary this year.
Champagne, gifts and certificates were presented to all the parties involved in the 20 millionth search transaction. NLIS channel SearchFlow processed the search request from solicitors Streeter Marshall who instructed Reigate and Banstead Borough Council to supply official LLC1 and Con29 information for a property in Banstead. The electronic request was sent through to the local land charges team at the council and returned to the solicitor in just one and half days.
"20 million searches is a testament to NLIS meeting the needs of conveyancers who want authoritative, reliable and fast conveyancing data. The NLIS electronic end-to-end model is a proven success, bringing benefits to the data providers; to conveyancers and ultimately to the consumer,” said Jan Boothroyd, Chief Executive of Land Data.