Whether you are looking at property for sale in Northglen, or have already been staying in your home for years, chances are you may at some point have been a little nervous about the land reform issue.
Misinformation has been spread across social media while some media portals also stirred the pot, during the process of clarity being provided by government, however, industry experts are assuring the public that it is still safe to enter the market.
When the issue was first highlighted, there was concern as there was not much information provided initially, but President Ramaphosa has looked into the issue in detail over recent months and outlined what the government’s plan of action is.
It has been stressed that no wide-scale land grabs are on the cards, and nationalisation will not take place. During this process, property rights will continue to be protected and illegal land grabs will not be tolerated by the government.
Conversations have continued far and wide, with the president having even covered the topic with Theresa May, the UK Prime Minister, as well as the Chinese president during a recent visit to the Asian country.
According to Stuart Manning, CEO of the Seeff Group, people should not be concerned about their home being taken away, as there has been no mention of residential properties being affected by land reform. The president actually went on record to say that their aim would be to focus on unused land, land being held for speculative reasons, derelict buildings and similar options.
The president has also said that a lot of planning is going into the issue to ensure that the economy does not suffer a knock, and also to ensure that South Africa does not make the same mistakes that other countries have when dealing with land reform.
