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Friday Nov 17, 2017

Illegal estate agents 'due to a lack of proper industry regulation'

The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.

Jan le Roux, Chief Executive of Rebosa (the Real Estate Business Owners of South Africa) questioned these figures and wants to know what the EAAB is doing about the issue.

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Cape Town considers water tax

Cape Town mayor Patricia de Lille has suggested a special water tax, over and above the normal water bills.

She said the city was investigating the possibility of charging a special levy because consumers were saving water so well that they were now paying less, affecting the city's budget.

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Class-action lawsuit against timeshare industry

Commercial attorney Trudie Broekmann announced plans this week to launch a class-action lawsuit against the timeshare industry early in 2018.

Broekmann is demanding the full return of clients' investments because the contracts are illegal and don't comply with the Consumer Protection Act or the PTCA, she says.

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Tuesday Nov 14, 2017

'Defects normally not the seller's problem'

When buying a home the buyer will find that in South African law there are two categories of defects - latent and patent.

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Monday Nov 13, 2017

More flats and fewer houses being built

South Africa's economy may be making property ownership a little harder to achieve, but statistics reveal that more than 50 000 homes were purchased from July to September.

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Legal firm probed in house sale scam

The Cape Law Society has received several complaints about a law firm allegedly involved in property scams in Cape Town.

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Cape Town rental demand strong ahead of summer

Demand for rental property at prime locations in Cape Town, such as the Atlantic Seaboard, has led to some visitors spending about R30 000 a day.

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Holiday letting requires preparation

Holiday letting landlords should ensure that they are fully compliant with town-planning regulations. Cape Town is the only South African metro with bylaws in place to regulate short term rentals, but as they were not routinely enforced up until now, most property owners are unaware of their existence.

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'Rentvestors' reap tenant and landlord benefits

South Africa is seeing the emergence of a new type of property buyer known as a "rentvestor", says Gerhard Kotze, managing director of the RealNet estate agency group.

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Property buyers 'need more home loan choices'

South Africa needs more home loan options to make property ownership more accessible.

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