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Thursday May 31, 2018

Buying your childhood home? Don't skip the tough stuff

As the trend towards multigenerational living gains ground, young adults are now not only moving back in with their parents but increasingly, buying the homes they grew up in from their parents', with the intention of also raising their own families there.

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Monday May 28, 2018

Sectional title complexes learn to live with Airbnb

Airbnb has gained so much ground in SA that many sectional title (ST) complexes have given up on trying to prevent owners from letting their homes and apartments on this platform.

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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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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.

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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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Tshwane launches service delivery complaints app

The new app for the City of Tshwane enabling residents to lodge service delivery complaints will go a long way towards fostering participatory democracy and accountability by the municipality.

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Atlantic Seaboard growth spurt tapers off

Cape Town's Atlantic seaboard has experienced "a cooling period" after drastic growth over recent years but still commands some of the most expensive real estate in the country.

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'Laws supposed to take the risk out of rentals'

Property owners providing rented accommodation in the formal housing market are losing as much as R870 million a month in non-payment of rent, with many failing to implement or comply with the country's "complex raft of laws".

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'Trustees vital for success'

A competent board of trustees is the secret of all successful schemes, so says Chinelle Hewitt, operations manager at sectional title finance company Propell. Only people willing to act in the interest of all members should be elected.

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Home ownership in instalments

Buying a property by instalment sale, whereby ownership fully transfers to you only once the final payment has been made, is not new - property developers are known to sell homes this way.

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