Property Experts Welcome Deeds Registries Amendment Bill

The Deeds Registries Amendment Bill, recently signed into law by President Cyril Ramaphosa, has been well received by conveyancers and property experts. The government states that the bill aims to improve and standardize the deeds registration process. It also aims to modernize the deeds system and records in line with the Electronic Communications and Transactions Act.

Jonathan Kohler, Founder and CEO of Landsdowne, believes the bill will help grow the property sector and promote property ownership in South Africa. The amendment is expected to lead to faster access to funds, supporting homeownership and driving economic growth. It could also help revitalize the property market, especially as business and consumer sentiment improves, with expectations of interest rate cuts and a stronger rand. The bill promises a quicker, more efficient registration process with reduced bureaucracy and improved governance, further boosting these positive economic trends.