Property practitioners in South Africa have been identified as potentially vulnerable to money-laundering and terrorist financing activities. Property investment is typically a stable asset and because of this, it can attract criminals as well as reputable buyers.
Homeowners are looking for safety, security, and as little disruption to utility supply as possible. One major trend being observed is the shift in the mid to higher housing market to taking homes off the grid, or at least partially so.
The new Property Practitioners Act (PPA) took effect at the beginning of February, and although it is an improvement on the previous legislation, more clarity is needed on some important points during the interim phase.
Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za