LSSA Annual Report 2018/2019
South Africa - LSSA
The LSSA Annual Report for March 2018 to March 2019 was adopted at the AGM of the Council on 28 March 2019. The report by the Co-Chairpersons and the specialist committee reports outline the work done by the LSSA for and on behalf of the profession.
Download the Annual Report
Foreigners wary of buying property in SA at the moment
South Africa - Property360
Buyers from other countries are now eyeing the local property market with slight caution
South Africa’s warm climate, favourable exchange rate and outdoor lifestyle have always been magnets for international property buyers, but it seems many have become cautious about investing in the country. The socio-political struggles and low growth economy are even making local property buyers hesitant about taking the property plunge.
However, it is not all doom and gloom, the experts say, as there is still some foreign interest in the country’s property market. And, with the market expected to improve after the elections, there could well be an uptick in property investment, both local and international.
So far in 2019 Lightstone data shows 1372 South African properties sold to foreign buyers, indicating the country’s strong international appeal has not completely disappeared. These purchases make up about 2.6% of the total property transfers so far this year, at an average of 457 a month.
Home buying in a digital world
UK - Mortgage Finance Gazette
Technology in the conveyancing process can create simplicity and ease, but not at the cost of quality and security, says Steve Goodall, chief executive of ULS Technology
At a time when almost all of our transactions and services are performed online, the process of buying and registering property has stubbornly remained offline.
The Law Commission released a consultation paper on the electronic execution of documents in August 2018, the three-month consultation ending in November.
The prospect of electronic signatures being used in the conveyancing process was received positively by the Commission, with the movement towards digitisation (and changes in legislation to enable this) being broadly welcomed.
Alongside the Law Commission, the Council for Licensed Conveyancers is also in favour of the move into e-conveyancing.
Law Finance Gazette