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South Africa:How Bo-Kaap's Rising Property Prices Are Threatening a Community



[GroundUp] Situated on the mountains wrapped around Cape Town's city centre, Bo-Kaap is considered prime real estate and has investors and developers spending millions on property in the area. But Bo-Kaap's community consists of many lifelong residents that have inherited valuable property yet don't earn high enough incomes to comfortably make ends meet. And because rates are based on property sales, these residents have become more vulnerable....

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Published By: Allafrica - 7 days ago