Thursday Feb 04, 2010

Rentals plunge for posh homes

The top end of the residential letting market, with monthly rentals of R12 000 a month or more, is showing signs of financial distress.

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Analysts divided on property price outlook

House prices are showing early signs of recovery after falling for at least a year. And mortgage rates are at or close to their bottom. But aspiring homeowners, who hope to take advantage of the turn in the property cycle, have a lot of sums to do.

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Artist to redesign Greenmarket square 'swaaipomp'

A STATUE to be constructed in Greenmarket Square, meant to be a modern interpretation of a 19th century "swaaipomp" (traditional hand pump), has been rejected by Heritage Western Cape as it would allegedly obstruct the old town house with its proportions.

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Cape Town to regulate light aircraft over suburbs

THE City of Cape Town is working with the South African Civil Aviation Authority to firm up regulations for helicopters and light aircraft that fly too low above residential suburbs and natural or World Heritage sites.

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Scarborough wetland proposal proves controversial

SCARBOROUGH residents and conservationists are up in arms over a proposed development they say will impact on a sensitive coastal wetland.

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Application to develop in Glencairn nature area

AN APPLICATION has been submitted to the City of Cape Town to amend Simon's Town's structural plan, paving the way for future residential development in the nature area of Glencairn.

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Cape Town warns on N2 Gateway funding

The City of Cape Town should "walk away" from the N2 Gateway project if national government does not commit funds to finish the development.

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