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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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World of Birds releases rare piece of land

For the first time, a prime piece of land at Hout Bay's World of Birds has been put on the market in an attempt to keep the organisation's doors open.

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