Getting the home buying and selling process moving again
UK - Mortgage Finance Gazette
We’re now in the early stages of getting the home buying and selling process moving again after lockdown. This follows the publication of the cross-industry guide, Re-Opening the Home Moving Market Safely.
Recommendations have included those for individual behaviour, client engagement and transparency, how ID checks can take place, and only allowing office attendance from clients by personal appointment.
The guidance also asks the industry to consider video viewings, checking the COVID-19 status of occupants and recommends that ideally only one professional and two adults maximum should take part in a physical viewing. These should take place outside of commute times.
Developers play catch-up
South Africa - Property360
Developers are doing their best to make up for delays caused by lockdown but some experts believe the industry will slow in the immediate future.
Property developers have hit the ground running to make up for construction delays caused by the lockdown and keep their new developments from going under. Some have been fortunate enough to be able to pick up where they left off at the end of March and keep their planned developments on track but there will undoubtedly be a number of others whose deals have succumbed to the long lockdown.
There could also be fewer residential developments coming to the market due to Covid-19. The past few months have been challenging but Rawson Developers’s Brad Morgan says none of its developments have been cancelled. Its two new residential development projects, The Westwood, an affordable yet luxurious development in Observatory, and the flagship Newlands Peak in Newlands have, however, been delayed by two months.
Commencement of certain sections of the Protection of Personal Information Act
South Africa - De Rebus
On 22 June President Cyril Ramaphosa announced the commencement of certain sections of the Protection of Personal Information Act 4 of 2013 (POPIA), which aims to –
- promote the protection of personal information processed by public and private bodies;
- introduce certain conditions so as to establish minimum requirements for the processing of personal information;
- provide for the establishment of the Information Regulator to exercise certain powers and to perform certain duties and functions in terms of POPIA and the Promotion of Access to Information Act 2 of 2000 (PAIA);
- provide for the issuing of codes of conduct;
- provide for the rights of persons regarding unsolicited electronic communications and automated decision making;
- regulate the flow of personal information across the borders of South Africa;
- and provide for matters connected therewith.