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Cape Town spends R180m on urban renewal The City of Cape Town is continuing its focus on previously under-invested centres to improve the lives of its more vulnerable residents.Parow Valley prices encourage buyersBuyers in Parow Valley are encouraged by low property prices with once overvalued family homes priced from between R350 000 to R1 million.Poor buyers battle to get home loans In the Western Cape, many potential home buyers are reportedly battling to get home loans with 40 percent qualifying for home loans to buy property.