Most Recent Selling Articles
3 THINGS YOU NEED TO KNOW ABOUT THE HOUSING MARKET RIGHT NOW
Many concerns have been raised following a period of slowed house price appreciation across the country. While some of these concerns are valid, Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, explains that others are easily overcome if you understand certain things about the current housing market. 1. House Prices are growing slightly below inflation The bad news is t
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AVOID BECOMING THE VICTIM OF A CYBER ATTACK
Over the last few months, the real estate industry has been the target of several attempts at cybercrime, including phishing attacks and email spoofing. Because real estate professionals deal with the personal information of buyers and sellers, the profession is often viewed as a desirable target for cybercrime. In order to prevent these sorts of crimes, Regional Director and CEO of RE/MAX of S
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FOURWAYS MALL EFFECT ON THE RESIDENTIAL MARKET
The largest shopping centre in South Africa has recently opened its doors. Fourways Mall boasts a total of 450 shops and covers an astounding 178,000m². This new development is set to be a huge drawcard for the area which in turn will undoubtably influence the values of homes in the surrounding suburbs. According to Regional Director and CEO of RE/MAX of Southern Africa, Adrian Gosl
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A MISSED OPPORTUNITY FOR FURTHER ECONOMIC GROWTH: INTEREST RATES UNCHANGED
The Monetary Policy Committee (MPC) took a cautious decision by announcing today that interest rates will remain unchanged until their next meeting in November. The prime lending rate therefore remains at 10% and the repo rate at 6.5%. “Our economy is already showing signs of recovery, reflecting a 3.1% growth in our GDP for the second quarter of 2019. With inflation dropping to 4% in Jul
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WILL DOWNSIZING RELIEVE THE FINANCIAL PRESSURE?
When it comes to financial stress, downsizing sometimes makes the most sense to keep up with the rising costs of living. As tough as it might be, you stand a much better chance of recouping your losses and bolstering your financial position if you sell before you start falling behind on your bond repayments. Below are some of the pros and cons to downsizing: Con: Hidden Costs Be prepared fo
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GIVING YOUR APARTMENT A UNIQUE SELLING EDGE
Across the region, we are seeing an uptake in sectional title sales. With more and more sectional title developments emerging all around the country – particularly in the major metropoles – sellers are going to have to ensure that their sectional title units have enough of a unique selling edge to remain competitive with the units next door. Scout out the competition The first plac
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SPRING CLEAN TO SELL YOUR HOME
A Spring Clean is a great way for sellers to get their homes in show day condition and ensure that their property stands out in the current competitive real estate environment. First impressions count When it comes to property, appearances matter – so make it count in the right way. If buyers have the choice between two homes in an area that offer similar features and are within th
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MINING BOOM TO BOLSTER KATHU PROPERTY MARKET
There has been some speculation that there might be another mining boom in the Northern Cape thanks to the province’s rich supply of minerals that are often used in the manufacturing of new technology (such as zinc, nickel, lead, copper and cobalt). Kumba Iron Ore, one of the major mining companies in this region, also recently announced that their headline earnings for the first half of the
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WHY RIEBEEK KASTEEL SHOULD MAKE INVESTORS’ WATCH LIST
The Western Cape has been on the radar for property investors for a few years now. Following a period of over-escalated house price growth, the province has since experienced more subdued price escalations. According to Standard Bank, Western Cape HPI grew 2.4% y/y in 2Q19, from 1.5% y/y in 1Q19. This is well below the national average of 4.1% y/y in 2Q19. “Right now is the perfect time f
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RE/MAX OF SOUTHERN AFRICA TURNS 25 IN 2020
The RE/MAX of Southern Africa network is getting revved up for their bi-annual RE/MAX Sun City Convention, to be held on 19-21 February 2020. Doubling as the celebration of the brand’s 25th birthday in the region, this year’s event promises to be bigger and better than ever before! “With over 2,400 agents operating through 160 offices registered in 10 different regions across
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ARE ESTATE AGENTS STILL RELEVANT
With more and more online real estate agencies popping up both locally and internationally, the question on everybody’s lips is whether the real estate profession will go the way of the milkman. However, unlike milk, property is not something you can simply throw down the drain if your purchase happens to turn sour. To decide whether traditional real estate agents are still relevant, you
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FEMALES DOMINATING THE PROPERTY MARKET
It seems crazy to think that females, who were once excluded from the right to own property, are now the largest group of property buyers in South Africa. According to Lightstone Property statistics, roughly 72,000 residential properties were purchased by single women in South Africa last year, far surpassing the number of homes sold to men (around 62,000) and married couples (around 65,000). &
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