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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.

Posted at 09:52AM Jun 18, 2018 by Editor in Market  | 

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.

Posted at 06:13AM Jun 18, 2018 by Editor in Market  | 

Lightstone figures show properties with best price growth

If you are considering buying a home based on current rates of price growth, your best bet would be to buy a home on the coast or one that costs less than R250 000.

Posted at 09:31AM Jun 11, 2018 by Editor in Market  | 

The trend is to tiny, but buildings stay big

The tendency towards smaller - and even micro - homes is a growing trend in South Africa, but new figures from Stats SA disclose the private sector is planning to build more bigger homes than small in the coming months.

Posted at 08:43AM Jun 04, 2018 by Editor in Market  | 

Durban and KZN take lead in property price growth

Sixteen years ago, at the end of 2001, the average house price in South Africa was R287 000. Fast forward to the end of last year and that price was up by almost 300%, to end 2017 at R1.11 million.

Posted at 07:15AM May 28, 2018 by Editor in Market  | 

'Prepare for property valuation knock-on effects'

As Johannesburg and Buffalo City residents deal with the aftershocks of their property valuation hikes, Cape Town residents are urged to prepare for their re-appraisals which will hit next year.

Posted at 08:59AM May 22, 2018 by Editor in Market  | 

Court prohibits new conveyancing model

A company that deals with the day to day administration of property transfers, while the conveyancer attorneys perform the legal side of transfers, lost its bid for the court to give its blessing in this regard.

Posted at 08:51AM May 18, 2018 by Editor in Market  | 

Con artists phish property transactions

Confidential email communication between conveyancing attorneys and property buyers is increasingly being intercepted by "sophisticated" fraudsters who monitor purchasing transactions, and then divert money paid for homes into their own bank accounts.

Posted at 07:47AM May 14, 2018 by Editor in Market  | 

Lower demand for tourist accommodation

Hotels, guest houses and guest farms have been the worst performing accommodation types from September 2017 to February 2018, new figures from StatsSA have revealed.

Posted at 06:42AM May 14, 2018 by Editor in Market  | 

Change in law eases arrears recovery

Sectional title trustees and homeowners' association directors have welcomed a change in legislation that will make it easier for them to recover arrear levies from defaulting owners.

Posted at 06:10AM May 14, 2018 by Editor in Market  |