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| ![]() Problem buildings in South AfricaA problem building (or problem property) is basically any property that is seen as undesirable, risky, or difficult to deal with in the property market. It can cause stress for the owner, be avoided by buyers, and often sells for less
By: Lake Properties 🔹 Why It's Called a Problem Building It is referred to as a problem property because it creates barriers to either:
Some common categories of problems: 1. Structural / Physical Problems
💡 Example: A block of flats with broken lifts and unsafe fire escapes is considered a problem property for both tenants and the municipality. 2. Legal iiiiiiiiiiiiiiiiiiiiiiiii https://www.lakeproperties.co.za/ End
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