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Monday Jul 09, 2018

Parking rates to increase in Cape Town

Cape Town is pushing ahead with a plan to increase kerbside parking in the CBD to up to R400 a day. A new parking management plan that it wants council to adopt makes provision for those who want to park for longer hours at higher rates.

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Friday Jul 06, 2018

Cape Town property owners irate over large water bills

Sky-high municipal accounts of some Capetonians have sparked a massive outcry after it emerged that some ratepayers had been billed in excess of R300 000 following a system glitch.

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Monday Jul 02, 2018

Cape Town amends water by-laws

The Cape Town City Council has just approved a range of amendments to the water by-laws. These recognise the possibility that the city will repeatedly be faced with serious water shortages.

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Monday Jun 25, 2018

Have Cape Town property prices reached their ceiling?

Cape Town property has become famed for its seemingly limitless price growth, despite the difficult national conditions that have caused stagnation in many other markets across the country.

Trends over recent months, however, suggest this meteoric rise may be coming to an end, leading many to question whether Cape Town property prices have finally reached their limit.

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Monday Jun 18, 2018

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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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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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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Monday Jun 04, 2018

Southern Suburbs apartment rental rates decline by 36%

Cape Town's Southern Suburbs rental market has softened notably over the last few months and average rental rates have declined by up to 36%.

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Monday May 28, 2018

Drought sucks life from Western Cape prices

Over the past few months the jury has been out over whether the drought was to blame for the decline in house price growth in Cape Town, and the general conclusion has always been that it was too soon to tell.

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Affordability key in Cape Town CBD

Property developers looking to secure a stake in Cape Town CBD's lucrative residential market are warned of its impending saturation point and advised to keep affordability levels in mind if they intend bringing new units onto the market.

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