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WHY 2020 DOES NOT COMPARE TO THE 2008 HOUSING MARKET CRASH

WHY 2020 DOES NOT COMPARE TO THE 2008 HOUSING MARKET CRASH

When the national lockdown was first announced at the end of March, the real estate industry braced themselves for another housing market crisis similar to that of the 2008 crash. Unprecedently, the market has bounced back and has shown very few similarities to that of the crash twelve years ago. According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, nobody could h...

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MOVED BACK HOME DURING LOCKDOWN? YOU’RE NOT ALONE.

MOVED BACK HOME DURING LOCKDOWN? YOU’RE NOT ALONE.

Many new trends have emerged within the real estate sector as a result of the national lockdown, one of which is the increase in multi-generational living. No longer able to afford the costs of living alone, many have combined households to share the living expenses.  According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, this increase in multi-generational li...

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CENTURION OFFERS A PRIME INVESTMENT MARKET

CENTURION OFFERS A PRIME INVESTMENT MARKET

What used to be the sleepy area of Pretoria known as Centurion is today a bustling hub of activity with much working in its favour – specifically in terms of the abundance of sectional titles which is drawing new buyers and tenants to the area. According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, property markets like Centurion offer great investment opport...

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FROM RETRENCHED TO REAL ESTATE ROCKSTAR

FROM RETRENCHED TO REAL ESTATE ROCKSTAR

The effects of the national lockdown have been hard felt by countless South Africans. As one of many others who have lost their jobs owing to the crisis, Keira Kinsey, a single mom who was newly retrenched, felt near hopeless about her career prospects. Yet, since joining RE/MAX Finest in July 2020, she has already secured five sole mandates, concluded a number of successful sales, and is now doub...

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RAISING SUPPORT FOR MEN’S HEALTH THIS NOVEMBER

RAISING SUPPORT FOR MEN’S HEALTH THIS NOVEMBER

In an effort to raise funds and awareness around various men’s health issues, including testicular and prostate cancer, RE/MAX of Southern Africa has challenged its network and the public to either grow their moustaches (ladies are encouraged to grow their leg hair) or donate to The RE/MAX Foundation during the course of the month.   With the threat of COVID-19 in mind, Regional...

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PROMISING PROPERTY MARKET RECOVERY POST LOCKDOWN  RE/MAX National Housing Report Q3 2020

PROMISING PROPERTY MARKET RECOVERY POST LOCKDOWN RE/MAX National Housing Report Q3 2020

Based on the figures from the Deeds Office, the property market has shown some steady signs of recovery after being brought to a complete standstill as a result of the national lockdown during the second quarter of 2020.  According to Lightstone Property data, a total of 36,835 bond registrations were recorded at the Deeds Office over the period of July to September 2020. This translates i...

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SHOULD YOU RENT OR BUY?

SHOULD YOU RENT OR BUY?

The state of the current property market paired against the record-low interest rates make buying a home more affordable than renting these days. As appealing as it is to purchase right now, the answer to whether you should rent or buy a home depends entirely upon your unique situation. There are advantages and disadvantages to both options. To help you decide what’s best for you, we&rsqu...

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IMAGINE SPENDING LOCKDOWN IN SA’S MOST EXPENSIVE HOMES

IMAGINE SPENDING LOCKDOWN IN SA’S MOST EXPENSIVE HOMES

The first few months of lockdown was a trying period that highlighted the shortcomings of any home. Yet, for a lucky few within the luxury housing market, spending months confined within the home could be described as nothing short of a blissful experience – especially within the homes that overlook some of South Africa’s most scenic landscapes. “The South African real estate...

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EMERGING TRENDS AMONG PROPERTY BUYERS & SELLERS POST-LOCKDOWN

EMERGING TRENDS AMONG PROPERTY BUYERS & SELLERS POST-LOCKDOWN

Lockdown restrictions may have eased, but life has still been altered by the effects of COVID-19. A few months outside of Alert Level 5 and 4 have allowed real estate professionals the opportunity to spot the emerging trends among property buyers and sellers during this tumultuous time.   According to Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, the property...

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RAISING SUPPORT DURING BREAST CANCER AWARENESS MONTH

RAISING SUPPORT DURING BREAST CANCER AWARENESS MONTH

The power of community support is often overlooked until we are met with a medical crisis such as cancer. This Breast Cancer Awareness Month, RE/MAX of Southern Africa is calling on the power of their network to raise funds for a national Cancer Support Group, Wing of Hope. The National Cancer Registry states that Breast Cancer directly affects 1 in every 27 South African women, making it the m...

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Stable Interest Rates Allow Property Market to Remain Active

Stable Interest Rates Allow Property Market to Remain Active

Following a streak of interest rates cuts, the Monetary Policy Committee (MPC) has announced no further relief for South African debt holders today by keeping the repo rate at 3.5%, leaving the prime lending rate at 7%. According to Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, the MPC acted prudently by cutting interest rates at previous meetings. “As things sta...

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WORLD’S REAL ESTATE BROKERS MEET ONLINE

WORLD’S REAL ESTATE BROKERS MEET ONLINE

In response to the pandemic, RE/MAX, LLC took its Broker Owner Conference (BOC) into the online space. The event, which was held virtually on August 17-18, 2020, connected the network’s brokers in more than 110 countries and territories together in an online space to exchange ideas, network with each other, discover new tools and technology, and take their business to the next level. The...

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