South Africa Property News

Urban development zone in Cape Town offers tax incentives for buyers

by Ray Clancy on June 7, 2011

Tax incentives for urban development in Cape Town

Property buyers interested in real estate in Cape Town can benefit from a number of incentives including tax advantages in the city’s Urban Development Zone, it is claimed.

Cape Town is popular with travellers and buy to let property investors are seeing it as having potential. The city was recently voted the number one Metropole in a Traveller’s Choice survey alongside Sydney, Machu Picchu in Peru, Paris, Rio de Janiero, New York, Italy London, Barcelona and Hong Kong. [click to continue…]

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Property prices in South Africa drop to lowest in 23 years, report shows

July 13, 2009

Residential property prices in South Africa have fallen to their lowest in 23 years as the country’s first recession for 17 years takes its toll on the real estate market. Unemployment and slowing consumer spending is contributing to the depressed property market, according to the latest price index published by the Absa Group, the country’s [...]

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