Cape Town residents irate with Property Rates

The Cape Town city council has received thousands of objections to municipal property valuation increases of more than a third on average – but in some cases as high as 100%. There is also expectations that more objections will flow in faster as the end of month deadline for objections approaches. It is always last …

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Turnaround in commercial properties

South Africa’s commercial property market made a “significant turnaround” in terms of investment activity last year by increasing 63.4 percent to R19 billion, according to the JLL Sub-Saharan Africa 2018 Investment review released yesterday. “Investment activity recovered notably year-on-year. This is partly attributed to a marked improvement in investor confidence on the back of Cyril …

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Property Prices and Lifestyle in Blouberg Cape Town

Blouberg in Cape Town Flying into Cape Town International Airport, looking out towards Robben Island you will see a massive area of urban activity. What you are looking at is Blouberg or to be exact a tightly knit group of suburbs slowly margining into a single mini-metropolis. The suburbs At the heart of the Blouberg …

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Home builder pulling back

Home builder pulling back. USA – Home building giant Lennar is reportedly looking to sell its real estate lending arm, Rialto Capital, as builders continue to face a stagnant housing market, The Wall Street Journal reports. Lennar has declined to comment publicly on the recent news reports, but in an investor call last week and …

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Look for the following in a home

Look for the following in a home. Stick to your budget Don’t overbuy for your budget. Make sure you know how much you’re comfortable paying in a mortgage amount and stick to that limit, even if you’ve been approved for more. You don’t want to be in a position where you feel house poor, or …

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Property Developers in Hong Kong

Property Developers in Hong Kong. Property developers are cutting prices in Hong Kong to lure buyers amid the increasing downside risks in the world’s least-affordable housing market. Vanke Property Overseas Ltd. released 231 units of its new project Le Point in Tuen Mun Friday, with prices as low as HK$9,878 ($1,265) per square foot, the …

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