Blog

Reopening Of Deeds Office Is Good News For Property Industry

Reopening Of Deeds Office Is Good News For Property Industry

Pam Golding Properties Gansbaai

Reopening Of Deeds Office Is Good News For Property Industry

Sellers and buyers of property welcome reopening of Deeds Offices.

News that the various Deeds Offices around the country are permitted to open soon is very positive news for homeowners whose concluded property sales can now be processed and proceeds received - especially distressed sellers who, in the prevailing economic recession remain indebted and under significant economic pressure from creditors who are similarly impacted by the constrained economic environment, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

“The Deeds Office opening also means a short-term easing of cash flow for the largely commission-based real estate industry, potentially helping to save jobs, while providing much-needed revenue for government coffers. This is of course dependent on all Deeds Offices - which operate independently of one another - opening and returning to normal operating strength.

“While the current sales transactions and the backlog sitting in the Deeds Office will release cash flow and assist in the short term, it is hoped that this is a prelude to the real estate industry being granted permission to operate at full strength, but within the prescribed parameters set out by the government.

“Further good news is that from Monday, conveyancers are back at work, facilitating the processing of property transfers and the issuing of rates clearance certificates. For buyers it means that their property acquisitions can now reach final conclusion, although it remains to be seen when they will be able to move into their new homes, particularly as removal companies are not yet permitted to operate, and given the restrictions on the movement of individuals.”

For further information contact Pam Golding Properties.

Posted by Gaye de Villiers

Source: blog.pamgolding.co.za

Reopening Of Deeds Office Is Good News For Property Industry

Pam Golding Properties Gansbaai

Pam Golding Properties Gansbaai is proud to be part of one of South Africa’s leading real estate groups. The Pam Golding Properties Gansbaai team warmly invites you to visit them for all your residential, commercial and agricultural property endeavours in De Kelders, Perlemoenbaai, Gansbaai, Roman...

View Profile

What is Xplorio?

Xplorio is your local connection allowing you to find anything and everything about a town.

Watch the Gansbaai Video
Read More

Recent Posts

Trusted Property Experts in Gansbaai

Trusted Property Experts in Gansbaai

So much of what truly matters in life happens in our homes. 

Curious How Long Your Pre-Approval Lasts?

Curious How Long Your Pre-Approval Lasts?

It might not be as long as you think! Your income, credit history, and interest rate can change after receiving your pre-approval letter...

Prime Commercial Property for Sale in Gansbaai

Prime Commercial Property for Sale in Gansbaa...

This highly visible commercial property, situated in a prime location in Gansbaai, offers an exceptional investment opportunity.

6-Bedroom Sea View Home for Sale in De Kelders

6-Bedroom Sea View Home for Sale in De Kelder...

This expansive, versatile property in the desirable De Kelders area features a downstairs house and a self-contained upstairs unit.

Family Restaurant for Sale in Central Gansbaai

Family Restaurant for Sale in Central Gansbaa...

This restaurant is situated on a corner stand and features a large garden area with a children’s play area.

Spring Into Your Dream Home with Pam Golding Properties

Spring Into Your Dream Home with Pam Golding ...

At Pam Golding Properties Gansbaai, we’re celebrating this beautiful season by offering great real estate options!