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Where should you invest in 2007?
Iafrica.com - South Africa
Where should you invest in 2007? We asked some property gurus where it's at, as well as what you should be buying into in terms of residential property in 2007.

Despite interest rates, 2007 will be a good year to buy residential property in South Africa say the experts, as prices continue to rise, albeit a bit slower compared to previous years.

"The price rises of the past three years are very unlikely to be repeated - and the current price stabilisation is bound to offer great opportunities to property buyers," says Bill Rawson, chairperson of Rawson Properties.

Mdantsane occupants get chance to own their houses
Dispatch Online - South Africa
The dream of owning a home in Mdantsane is about to come true for thousands of long-standing residents thanks to a municipal project to transfer property ownership to them. This year Buffalo City Municipality (BCM) aims to transfer title-deeds for between 10000 and 12000 Mdantsane properties, to the current owners, or legal occupants.

Municipal spokesperson Darby Gounden said the houses, allocated by former Ciskei authorities, would be re-registered in the new owners' names this year. A large number of the houses have been neglected, but most were in a "liveable condition", Gounden said.

The houses will be transferred free of charge under the terms of the Extended State Discount Benefit Scheme, said Gounden. While homeowners will be able to access loans for home improvements, using their title-deeds as security, they will also become liable for maintaining their properties and paying rates and taxes. Currently, Buffalo City is responsible for the buildings, for which rates are not charged.

High Court bid to force Denton action
EP Herald - South Africa
AN urgent High Court injunction is to be sought against Irish property developer Ken Denton for not complying with various legal requirements. The decision was taken yesterday at a meeting chaired by Nelson Mandela Bay ward five councillor Jeremy Davis and attended by representatives of five municipal business units, Cora Terrace residents, and other interested parties.

The legal requirements for a number of Denton-owned buildings relate to health, fire, environmental, safety and security and town planning regulations. Conspicuous by his absence at the meeting was Denton Property general manager Gawain Visagie who gave his assurance last week that three buildings - two in Bird Street and a third in Cora Terrace - would be sealed by yesterday.
EP Herald

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