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A MISSED OPPORTUNITY FOR FURTHER ECONOMIC GROWTH:  INTEREST RATES UNCHANGED

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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MINING BOOM TO BOLSTER KATHU PROPERTY MARKET

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

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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EXPLAINING THE RE/MAX BUSINESS MODEL

EXPLAINING THE RE/MAX BUSINESS MODEL

What makes the RE/MAX business model unique is that it is built around the concept of entrepreneurship. Each RE/MAX office is independently owned and operated and top producers have the opportunity to join an office as an independent contractor. To understand what this means, below is a list of the key concepts that define how RE/MAX is structured: Regional Support vs Head Office Our offices a...

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RE/MAX OF SOUTHERN AFRICA TURNS 25 IN 2020

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

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

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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RE/MAX THE FORERUNNER FOR GENDER EQUALITY IN REAL ESTATE

RE/MAX THE FORERUNNER FOR GENDER EQUALITY IN REAL ESTATE

Given that so many real estate professionals are female these days, it can be easy to forget that, much like most other industries of the day, the real estate industry was once a ‘boys only’ club. In fact, RE/MAX was considered incredibly progressive back when Dave Liniger first started the brand in Denver, Colorado in 1973, with three of his four first-ever recruits being female. T...

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ADVICE FROM OUR TOP AGENTS

ADVICE FROM OUR TOP AGENTS

This Women’s Month, in the hopes of encouraging and inspiring other young women in their journey towards success, the top female earners within the RE/MAX of Southern Africa network offer their unfiltered advice on what it takes to be successful both in life and within the real estate industry.  As the only recipient of the Luminary of Distinction – awarded to those who have be...

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MPC ANNOUNCES GREAT NEWS FOR HOUSING MARKET:  INTEREST RATES LOWERED

MPC ANNOUNCES GREAT NEWS FOR HOUSING MARKET: INTEREST RATES LOWERED

The Monetary Policy Committee (MPC) announced today that interest rates will be lowered by 25 basis points. The prime lending rate therefore changes to 10% and the repo rate drops to 6.5%. “With a 3.2% decline in our GDP for the first quarter of 2019 and with inflation being contained within the mid-point of the MPC’s target range, there really could not have been a more opportune t...

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RE/MAX NATIONAL HOUSING REPORT Q2 2019

RE/MAX NATIONAL HOUSING REPORT Q2 2019

Signs of an Increasingly Active Property Market The overall sentiment of current market conditions is, well, slow at best. However, the data for the second quarter of 2019 provides the first glimmers of hope for a property market that is becoming increasingly active. According to Lightstone Property data, a total of 45,109 bond registrations were recorded at the Deeds Office over the period...

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WHAT THE RE/MAX BRAND STANDS FOR

WHAT THE RE/MAX BRAND STANDS FOR

Curious to know how the RE/MAX brand was able to develop into the world’s largest real estate franchise? Apart from our unique entrepreneurial business model that allows real estate professionals to join as independent contractors and our 100% commission offering, RE/MAX has developed our own corporate formula to portray what our brand stands for and to signify the sorts of people we would l...

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