The National Property Practitioners Council (NPPC) has called for residential and commercial relocations to be permitted in Level 4 of lockdown.
Currently the housing market has ground to a stand-still with tenants unable to relocate and honour lease agreements and transfers that were due to take place in limbo.
NPPC chairperson Vuyiswa Mutshekwane says the Council made this call after the real estate sector and some related services were not identified in the permitted goods, services and movement schedule under lockdown Level 4 and are currently categorised as Level 2. About 70-80% of the real estate industry faces disaster if trading remains paused – part of a dire situation its members find themselves in after a month of the anti-Covid19 national lockdown.Laying bare its devastation, the real estate sector contends if not allowed to start operating by Friday not only would it suffer economic fatalities and its 5% contribution to the GDP be lost, but so too would industries relying on it to function be hard hit.
Employees have already left the industry and belief is this “will now rapidly accelerate” with property practitioners at high risk of liquidation and destitution as they have been without an income for months following the closure of the deeds office, says Mutshekwane.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Expect more cluster outbreaks under Level 4 - Zweli MkhizeThe Western Cape's Covid-19 cluster outbreaks indicate what may happen when more sectors open up for business under Level 4, starting next month.
Read more »
Expect more cluster outbreaks under Level 4 - Zweli MkhizeThe Western Cape's Covid-19 cluster outbreaks indicate what may happen when more sectors open up for business under Level 4, starting next month.
Read more »
Level 4 lockdown: DA calls for more economic activity, opposes curfewThe Democratic Alliance says it is in support of a much wider opening of the economy, and will also challenge the nationwide curfew in its submissions to the government’s risk-adjusted strategy.
Read more »
Level 4 lockdown: DA calls for more economic activity, opposes curfewThe DA suggested that instead of deploying SANDF members, the government should harness 'the creativity, incentives and goodwill of everyone, within a reasonable set of rules'.
Read more »
Expect more cluster outbreaks under Level 4 - Zweli MkhizeThe Western Cape's Covid-19 cluster outbreaks indicate what may happen when more sectors open up for business under level 4 lockdown regulations, starting next month.
Read more »
Parts of KZN may remain on Level 5 lockdowneThekwini and some areas of KZN are likely to remain on full lockdown as authorities are worried about the increasing number of new infections and deaths.
Read more »