Most Recent Buying Articles
INTEREST RATES FINALLY STABILIZE
Some good news for debt holders as the Monetary Policy Committee (MPC) announced that interest rates will remain stable at 8.25% (repo rate), leaving the prime lending rate at 11.75%. This ends the consecutive hiking cycle that started in November 2021. Pleased by this announcement, Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett says that an increase might have been in t
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RE/MAX NATIONAL HOUSING REPORT Q2 2023
Rising Interest Rates Cool Down Property Sales The series of interest rate increases has finally begun to visibly affect the local housing market. According to Lightstone Property data, as at 04 July 2023, a total of 30,343 bond registrations were recorded at the Deeds Office for the period April to July 2023. The RE/MAX National Housing Reports reveal that this figure is down by a wh
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RE/MAX WINS DIAMOND ARROW AWARD AT PMR EVENT
RE/MAX of Southern Africa claimed the coveted Diamond Arrow Award in the category for Real Estate Agents at the annual PMR.africa Western Cape Provincial Survey Business Excellence Awards Breakfast held on 20 June 2023 at Da’Aria. To determine the winners for this year’s event, PMR.africa completed its annual survey of the Western Cape Province to measure companies, institutions, go
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SOUTH AFRICA’S FIRST BLACK COMMERCIAL BALLOON PILOT
In 2022, Komane Harold Tjiana made history by completing his balloon pilot licence, making him the first black male hot air balloon pilot in the country. To make his next dream come true, The RE/MAX Foundation will contribute R100,000 towards his Commercial pilot training. Backed by Balloon Airship Federation of South Africa, Harold qualified as a pilot in September 2022 thanks to a grant from
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Another Agent Joins The Circle of Legends
Narina Fischer of RE/MAX Jowic qualified for the prestigious Circle of Legends Award, one of the highest achievements within RE/MAX, in April 2023. She is the seventh person to receive this award within the Southern Africa Region. “I am extremely honoured to be recognised in this way by the top real estate company in South Africa, but my true satisfaction stems from finding the client the
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CONSUMERS FEEL THE PINCH AS INTEREST RATES RISE AGAIN
Debt holders are sure to feel the pinch following the latest announcement by the Monetary Policy Committee (MPC) to increase the repo rate by a further 50 basis points to 8.25%, leaving the prime lending rate at 11.75% – the highest it has been since 2009. Unsurprised by this announcement, Regional Director and CEO of RE/MAX of Southern Africa Adrian Goslett says that managing debt will b
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WORKING OUT THE INTEREST ON MY HOME LOAN
In South Africa, interest rates can fluctuate from time to time. It is important to know what this means for your monthly expenses, especially for the big-ticket items like home loans, vehicle finance agreements and credit cards. What is interest? Before we look at how to calculate the interest you pay on a loan, let’s understand what “interest” means. In general terms,
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WHAT IS A PROPERTY TITLE DEED?
Much like the registration papers for your car that records its make, model, year, chassis number, and owner’s details, a property title deed covers all the important details of the home. The title deed is the legal document that proves that you (or the bank through whom you’ve taken your home loan) own your home and that the property is registered in your name. When you buy or sell
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RE/MAX NATIONAL HOUSING REPORT Q1 2023
Market Conditions Cool Down Following a season of unprecedented activity, the South African property market seems to have entered a cooling off period, largely owing to the steep incline of interest rates. According to Lightstone Property data, as at 11 April 2023, a total of 31,632 bond registrations were recorded at the Deeds Office for the period January to March 2023. The RE/MAX National
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ONE LAST INTEREST RATE HIKE?
No relief for debt holds as the Monetary Policy Committee (MPC) announced today that the repo rate will climb by a further 50 basis points to 7.75%, leaving the prime lending rate at 11.25%. This will be the ninth consecutive hike since November 2021. Thankfully, Regional Director and CEO of RE/MAX of Southern Africa Adrian Goslett along with other financial experts remain hopeful that interest
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WHY DO SELLERS & BUYERS CONDUCT HOME INSPECTIONS?
Thorough and professional home inspections are a way of making sure that no nasty (expensive and stressful) surprises jump out at either the seller or the buyer. This way, everybody knows what they’re in for. If the deal has been signed and sealed without any inspections, it’s too late and sometimes there is the potential for future legal complications, unforeseen costs and general unp
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BRINGING FOOD & WATER TO THOSE IN NEED ON UN WORLD WATER DAY
Save Our Schools (SOSNPO) launches a perennial initiative entitled ‘Water in the Sky’ on United Nations World Water Day, Wednesday 22nd March, at Bloekombos Secondary School. The project will implement the development of vital water infrastructure and water-conscious vegetable gardens in a bid to feed the hungry, protect groundwater resources and welcome employment opportunities for th
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