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Joseph Sakoneka joins NPPC as CEO

Joseph Sakoneka was recently appointed as CEO of the National Property Practitioners Council (NPPC) making him the leader of South Africa’s largest property sector trade association. Member organisations collectively represent over 40 000 registered property practitioners involved in all aspects of the residential and commercial real estate industries.

EAAB: Agents need to comply with education regulations or be disqualified

A policy approved by the EAABB applicable on interns, non-principal or principal estate agents, have granted an extension of time within which they can ensure compliance with the board’s education regulations.

The EAAB’s practise notice (ETD01/2020) states that these regulations do not apply to persons who want to enter the estate agency sector for the first time or to persons who have never previously applied for, or been issued with, a valid Fidelity Fund Certificate (FFC) by the EAAB. By law estate agents are required to have a valid FFC issued by the EAAB for them to practice.

Eastern Cape’s massive house price growth driven by women first-home buyers and former tenants

The Eastern Cape may well be South Africa’s most desirable place to live, especially for women wanting to buy their first home and former tenants who can now afford to pay a bond.

According to Lightstone property data for the month ending June 2021, house price growth in the province is at 8.3% - making it the top performing region in the country, says Carl Coetzee, CEO of BetterBond.

Move to ‘home, work and play’ model to save SA Commercial Property sector disrupted by Covid-19 pandemic

SPEAKERS CORNER: The South African commercial property market has suffered a significant knock since businesses made the transition to working from home following the implementation of lockdown in March 2020. According to the South African Property Association (SAPOA) there are some 2.4 million A (elite office spaces in prime city locations) and B (quality affordable) grade vacant office spaces in South Africa, which is putting strain on the sector.

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