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Curbs on owning land could see jittery locals selling

02 April 2015

By Lynley Donnelly

Part of the market is waiting for more clarity from the government, but experts hope that panic selling can be avoided.

Unease about the government’s plans for restricting land ownership could see local residential property owner-investors who rely on foreign buyers choosing to leave the market for fear of further restrictions, a researcher warns.

President Jacob Zuma announced in his State of the Nation address that the government intends restricting foreign ownership of agricultural land and capping the amount of land a person can own at 12 000 hectares.

Read the full article from Mail&Guardian.

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