Why you should not panic over land reform
The land reform issue should not leave you in a panic as there has been plenty of clarity provided by the government, and according to experts in the industry, this should not affect your plans if you are looking at property for sale in Scottburgh.
You can look for property for sale in Scottburgh with confidence, according to experts in the industry. This comes after a large amount of clarity has been provided on the land reform issue, despite the fact that so many people are still confused.
Stuart Manning, the CEO of the Seeff Group, has warned that the public should steer clear of noise and misinformation circulating on the likes of social media and other platforms, as President Ramaphosa has actually provided a lot of information regarding the process.
According to the president, nationalisation is not on the cards and wide-scale land grabs will not be taking place. Added to this, illegal land grabbing will be dealt with according to legal process and not tolerated, while property rights will be protected throughout.
These sentiments have been echoed in high-level meetings with agricultural bodies and stakeholders, including Theresa May, who is the UK Prime Minister, and the president of China.
Manning says that any homeowners fearing that their homes could be taken away should not be concerned, as there has been no discussion of residential properties being included in the process. Ramaphosa was quite clear on focusing on unused land, derelict buildings, land held for speculative reasons and similar types of property.
The president says that government is focused on ensuring that no mistakes made by other countries are repeated, and that the process will be done with the economy at the front of mind.
For this reason, it is clear that although land reform discussions are ongoing, there is no intention of creating panic and destroying the property market, which means that it is still safe for South Africans and foreigners to invest in residential property.
