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Property News Roundup – Week 1 Aug 2023

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City issuing notices to property owners along the city’s coastline for a host of encroachment infringements
The city said it conducted an assessment of 240km of coastline on the Atlantic seaboard and False Bay and found over 200 instances where homes and properties violated by-laws by encroaching on public space. This includes properties that extended decks and fencing beyond their limits, laid out manicured lawns or put up trampolines, pools, restaurant areas or sea defence structures, among other violations.

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Cape Flats – Time to Invest?
The affordable property market, especially properties situated in the townships for below R700 00, is one of the most underestimated property markets in South Africa.

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Cape Rental Market Booms
Semigration to Cape Town and expensive property prices have given rise to a rental craze as residents seek homes in many of the city’s sought-after areas.

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The City of Cape Town has secured heritage approval for its biggest inner city social housing development of around 700 units at Woodstock Hospital.  Heritage approval is a critical milestone towards design and submission of building plans for the former Woodstock Hospital, Cape Town’s largest inner city social housing project totalling some 700 units.

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