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Published stories attached to the Market news category.
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Cape Town's proposed short-term letting by-law would push heavily let properties into the commercial rates category, and a property practitioner argues the knock-on effect on net income could shift what investors are willing to pay.
No regional state or city administration has enacted the legislation needed to implement Ethiopia's 2025 Property Tax Proclamation, leaving collection fragmented and dependent on outdated rules, an Institute for Fiscal Studies report says.
The Johannesburg High Court has rescinded a R269,448 default judgment and an execution order against a Sandhurst Towers sectional-title owner after finding the summons was served on the body corporate's own building manager and never reached her.
The Municipality of Okahandja intends to dispose of residential and other properties by private treaty, including a four-hectare portion to Beefcor Meat Suppliers for N$600,000, with objections due by 16 October.
FIABCI, the International Real Estate Federation, has launched a Ghana chapter to link the country's property industry to a global network of professionals and investors, with JL Properties founder Dr James Condua Orleans-Lindsay as founding president.
Kenya's Auditor-General has found that buildings and land bought by the Central Bank of Kenya were valued below their acquisition and construction cost, pointing to a Sh466.5 million loss on the bank's investment properties.
A House of Representatives committee has ordered an immediate stop to development on a disputed parcel in Ngor Okpala, Imo State, and directed that armed men allegedly in the area be disarmed. The petition alleges the illegal acquisition of more than 2,500 hectares of community land.
Three officials at Kampala's Ministry Zonal Office and a land dealer have been remanded until October 29 over the alleged fraudulent transfer of a half-acre plot in Munyonyo. Investigators say a special certificate of title was obtained using forged documents.
Former Nairobi Provincial Commissioner Davis Nathan Chelogoi has been convicted of five offences over a 7.39-hectare parcel in Lower Kabete, while his co-accused was acquitted. The court found the documents backing his ownership claim could not be authenticated.