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Tuesday Jun 19, 2018

Municipal performance hurting property and finance sectors

Delays in municipal building clearance and rates clearance certificates are impacting more than just the building industry.

Bridging finance and other lenders are experiencing added complications and delays as developers and individuals continue to be frustrated by red tape and ineffective municipal systems.

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Monday Jun 18, 2018

Cape Town property prices dropping

A significant shift in the Cape Town property market is shaking up pricing of homes for sale and to let, leaving owners with little choice but to adjust their prices or face the risk of properties sitting on the market or staying vacant.

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Cape Town renters fight back against Airbnb

Scores of long-term lease flats have been converted to holiday rentals by property owners in direct contravention of a 2015 city planning by-law, says Louisa Theart, spokeswoman for the citizen action group One Host One Home (Ohoh).

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City responds to Airbnb complaints

The City of Cape Town's development management officials operate on a complaints basis, and do not conduct random door-to-door checks, says Brett Herron, the city's mayoral committee member for transport and urban development.

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Cape Town property valuation roll being updated

Every three years, the City of Cape Town updates their General Valuations roll to ensure property rates are adjusted in proportion to property values.

2018 is a valuation year, and progress on reappraisals is already underway. New valuations are expected to be made available for public comment early next year and will come into effect on 1 July 2019.

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Airbnb: body corporates move from prevention to enforcement

Airbnb has gained much ground in South Africa, and participating property owners are making so much money from it that many sectional title complexes and estates have given up trying to stop it.

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Fears Cape Town will use rates to fill coffers

Ratepayers are cautiously waiting to see if the city adjusts property rates, after criticism that it should tackle its own costs by slimming down its "bloated bureaucracy".

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Battle against cell masts in suburbs intensifies

The soaring demand for faster and effective internet connectivity, has driven the need for the creation of 5th generation (5G) internet to be brought to South Africa.

But fears that 5G could lead to an explosion in the construction of cell masts has resulted in the establishment of the National Alliance Against Cell Masts (NAACM).

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Victims fall prey to bogus property sale

A Khayelitsha couple has become the latest victim of an apparent property scam operating in Cape Town townships after unwittingly losing R85 000 last month.

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Wednesday Jun 13, 2018

Delay in response to Durban valuation objections

More than 4 000 eThekwini ratepayers who lodged objections to the valuations of their homes will have to wait longer to know the outcomes.

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