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Latest real estate news in Gauteng view all news in Gauteng
An unexpected uptick in foreign buyers in Johannesburg’s swankiest suburbs
09 Apr 2020
Global economic uncertainty wrought by the COVID-19 pandemic has seen an unexpected but extremely welcome spin-off for the local property market; foreign buyers taking advantage of their strong buying power to invest in fixed assets in the form of luxury real estate in Gauteng and further afield.
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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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