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Friday Dec 02, 2011

Property fuels cost of living in Gauteng

Gauteng cities and townships are among the most expensive places in the world to live in terms of housing and transport costs.

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Sapoa challenges Durban property development levy

The SA Property Owners' Association (Sapoa) plans to challenge the imposition by the eThekwini municipality of a new charge on developments, which Sapoa says is a tax.

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Standard Bank to move from historic home in Cape Town

One of the country's major banks is moving out of its historic home in the centre of Cape Town after more than a century of serving countless Capetonians.

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What are Properties in Possesion (PIPs) ?

The term PIP is used in the industry to denote homes that are possessed by the bank which owns the bond for the property.

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Sixth Cape Town neighbourhood named after voting

Union Kloof yesterday beat Ubuntu in an inner-city neighbourhood naming contest, despite objections that the winning name was inappropriate.

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Banks should consider 'more flexible lending' for property

When an applicant applies for a bond, he or she will be rated by the bank - and quite frequently they will discover that they have missed being approved for the 80 or 70% bond they wanted by a fairly small margin.

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FNB: Property price growth decline

House price growth is on the downturn once again, after a brief uptick around mid-year according to FNB's House Price Index.

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Title deeds lag the provision of subsidised homes

Houses provided through the government's national subsidy programme since 1994 comprised 24 percent of all formally registered residential properties in South Africa in September last year.

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'Beware depositing money in trusts or accounts directly linked to the seller'

Repeated warnings from the members of the estate agency fraternity on the absolute necessity of paying deposits into independent trusts rather than to those linked to a seller, his agent or his auctioneer are still often going unheeded - sometimes with disastrous results.

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