The sun has set on year 2012, but for the real estate sector it will be memorable after new land laws were effected, creating instant winners and losers. The Land Act, Land Registration Act and the National Land Commission Act were all assented to in 2012 to implement the 2009 National Land Policy. This has proved a game-changer in the way real estate business will be conducted going forward, with key winners being mortgage buyers, spouses, lease-holders and other parties with ‘overriding interest’ on a property...
↧