Look out for restrictions on your property
South Africa - ReMax
Owning a property does not mean that the owner is entitled to do whatever they want to the property. Every property in South Africa that is privately owned is subject to certain control measures, which may restrict the owner from making the changes they desire.
Before purchasing a home it is in the buyer’s best interest to check the title deed to see whether there are any restrictive conditions that exist on the property, especially if they plan on building on or changing the property in any way. The aim of restrictive conditions in a title deed is to create a property or neighbourhood with specific characteristics that appeal to a certain demographic of resident. Some examples of restrictions include that the property may not be sub-divided, the buildings may not be higher than two storeys, no business use of the property, only 50% of the stand may be covered or built on, all exterior walls must be a certain colour and all structures must have a particular style roof, etc.”
Online agents will have to employ sales progression teams
UK - Estate Agent Today
The operation of ‘online estate agencies’ has changed substantially in the relatively short few years of their existence: I have spotted three significant changes in the past, with another likely on the horizon in the near future.
The original set up was when the first online operators sprung up, effectively as pure listings services. Those days were long before the dominance of Rightmove and Zoopla, so the agencies simply provided platforms for individual vendors to upload their own details and photographs.
The agencies, if that’s what they really were, therefore advertised their stock on their own websites, populated by sellers’ own words and images. Some of these agencies had marketing budgets as large as £1 million - substantial in those days - but still they fell by the wayside.
Estate Agent Today
SAPOA raises concerns over land expropriation
South Africa - SAPOA
In light of the recent motion by the National Assembly to amend the Constitution to allow for land expropriation without compensation, the South African Property Owners Association (SAPOA) has raised concerns, particularly in relation to food security, agricultural production and the economy.
SAPOA believes that while the historical background of land ownership needs to be addressed, it is critically important that South Africa navigates through the sensitivities with the greater vision being to ensure that the imbalance is dealt with and that the economic stability continues to be reinforced.
“SAPOA supports a land expropriation process where the rights of present and future landowners are balanced, with the need to ensure stability and economic growth” says Neil Gopal, Chief Executive Officer of SAPOA.
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