We share some important industry activity with you in this Update, as follows:
- Green is the new gold: Index shows green-certified office buildings offer better return on investment
- The Housing Consumer Protection Bill – What is in this pipeline?
- A user-friendly guide to the Integrated Coastal Management Act
- Vienna, the affordable housing dream come true
Green is the new gold: Index shows green-certified office buildings offer better return on investment
Green certified, prime and A-grade offices produced an improved total return in 2022, outperforming non-certified office assets of a similar quality by 50 basis points during 2022, according to the Morgan Stanley Capital International South Africa Green Annual Property Index for 2022.
The Housing Consumer Protection Bill – What is in this pipeline?
Towards the end of 2019, the Department of Human Settlements published the Housing Consumer Protection Bill (‘the Bill’). After some amendments, the Bill was sent to the National Council of Provinces for concurrence in March 2023. When it is passed in parliament and signed into law by the President, it will repeal the Housing Consumers Protection Measures Act 95 of 1998 (‘the HCPMA’). In this article we look at some of the prominent changes introduced by the Bill and comment on provisions that impose significant new obligations on estate agents, conveyancers and the Registrar of Deeds.
A user-friendly guide to the Integrated Coastal Management Act
Acts of Parliament are notoriously difficult to read and comprehend, and the National Environmental Management: Integrated Coastal Management Act 24 of 2008 is no exception. The Department of Environmental Affairs recently issued a comprehensive step-by-step explanation of the provisions of the Act while providing direct reference to the Act itself.
Vienna, the affordable housing dream come true
Today, Vienna boasts some of the lowest-cost housing among European capital cities while commonly ranking as “the most liveable city in the world”. Subsidised housing is so popular that many of those who could afford to move elsewhere, or buy their own property, choose to stay.