Rising municipal rates and taxes is a hot-button issue - one that negatively affects, not only operating costs and gross rentals, but also makes demand on property management resources.

Green Star Certified office buildings outperform similar uncertified buildings by 3.8%.

The South African Property Owners Association (SAPOA) executives and members of the board met with the City of Nelson Mandela Bay Municipality yesterday evening as part of its Meet the Mayor initiative.

Every three years, the City of Cape Town updates their General Valuations roll to ensure property rates are adjusted in proportion to property values.

The latest figures from the respected property analysts Lightstone bear out the bullish statements that he has from time to time made about the prospects for what is arguably the Cape Town Northern Suburbs’ most prestigious and popular suburb, Durbanville, said Rowan Alexander, Director of Alexander Swart Property, this week.

SAPOA is concerned over the lack of feedback from the City of Johannesburg on the latest General Valuation (GV) Process.

A technical recession and low investor confidence has produced a seven-year investment low in the commercial property market.

Rising municipal rates and taxes is a hot-button issue - one that negatively affects, not only operating costs and gross rentals, but also makes demand on property management resources.

Those hoping for good news for the South African property market in the 2018 budget speech were likely disappointed by the lack of change to the sector’s key influencing factors.

Property owners in Johannesburg, Ethekwini and many other municipal areas only have a short time in which to lodge any objections to the new municipal valuations of their properties – and to the new municipal rates based on these valuations that they will be charged from July.

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