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East London's affordable holiday homes Holiday properties in some parts of East London are priced from as little as R600 000 for a modest fisherman’s cottage on the outskirts of the city. 2010 boom for the East Coast? High building costs, the development of East London's IDZ (Industrial Development Zone) and rising demand from an emerging middle class of civil servants are factors nudging East London house prices ever upwards. By Ingrid Smit Rate cut: What it means for homeowners and investors Last week’s 0.25% interest rate cut by the Reserve Bank has property experts discussing its impact on homeowners, investors, and the real estate market.
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