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Latest real estate news in Gauteng view all news in Gauteng
Relief as the repo rate drops with 1%
19 Mar 2020
Following a cut in interest rates at their last meeting in January, and the Finance Ministers decision to lower income tax levels during the budget speech in February, the Monetary Policy Committee (MPC) announced some further relief for South Africans today by lowering the interest rate by 100 basis points. The repo rate therefore drops to 5.25%.
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Average Gauteng rent leapfrogs to second place
10 Mar 2020
According to the PayProp Annual Review of 2019, rents in Gauteng overtook those in KwaZulu-Natal and the Northern Cape during the past year. With an average rent of R8 360, Gauteng is now the second-most expensive province in which to rent after the Western Cape.
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City of Tshwane placed under administration
05 Mar 2020
Speaking in a presentation earlier today (5 March 2020), Gauteng premier David Makhura has announced that the City of Tshwane will be placed under administration.
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The trick to selling property in a buyer's market like Hermanus
21 Feb 2020
When it comes to selling within a buyer’s market where supply outweighs demand, sellers will need to work a little harder to ensure their home sells for full value.
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