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Property is a tangible asset you can count on – 19 July 2021

Investing in property is usually done to earn a return through rental. One may even want to sell the property in the future, receiving a significant return, considering that land and buildings do not depreciate in the same way that other assets do…

No quick recovery expected for the commercial real estate sector – 13 July 2021

Commercial tenants showed signs of recovery in the first quarter of 2021, mirroring the better-than-expected GDP figures revealed for the same period by Statistics South Africa. A recovery in the commercial real estate sector relies heavily on business recovery. Constraints to business productivity, including the continued work-from-home trend, has had a significant impact on the sector…

Property Practitioners Act: Obligations on property practitioners -19 July 2021

What has happened to the Property Practitioners Act, No 22 of 2019 (PPA)?
The President has signed the Act into law, however, the date of commencement of the Act is still to be determined. The Act will repeal the Estate Agency Affairs Act, No 112 of 1976 (“EAA Act”) in its entirety. Draft regulations were published for public comment in March 2020. However, as things stand, there is no firm indication as to when the PPA will come into force…

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