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Monday May 21, 2018

Durban property valuations 'a scam'

As the city's financial year-end approaches and Durban residents brace themselves for increases in household tariffs, many are still awaiting outcomes to the objections they made to property valuations.

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Tough tariff hikes loom for Durban residents

eThekwini residents are being squeezed dry with steep tariff increases imminent - and only a few days left to comment on proposed hikes in the city's draft budget.

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Downtown living also appealing to seniors

Whether it's a financially savvy decision or simply the only solution when they can't find a suitable place to buy, some baby boomers are choosing to rent an apartment closer to the city when they downsize.

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More hotel living for Cape Town

The blending of hotel and residential accommodation is a trend sweeping through Cape Town as developers try to meet growing demand for residential property near the CBD while capitalising on the city's status as a leading international destination.

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Friday May 18, 2018

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.

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Big business 'not paying Joburg council rates'

About 2 000 business accounts have been deliberately removed from the City of Joburg’s billing database, resulting in the account holders not paying their municipal rates and services.

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Monday May 14, 2018

Cape Town property market cools down

The City of Cape Town experienced its seventh consecutive quarter of slowing year-on-year house price growth in the first quarter of this year, although the rate still remained strong at 10 percent.

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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.

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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.

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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.

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