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Most Recent Buying Articles

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3 THINGS YOU NEED TO KNOW ABOUT THE HOUSING MARKET RIGHT NOW

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

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

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

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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WHY BUYERS NEED TO SHOW THEIR ID BEFORE VIEWINGS

WHY BUYERS NEED TO SHOW THEIR ID BEFORE VIEWINGS

For those who are about to start the house hunting process, it will be helpful to have a copy of your ID on hand when you arrange a viewing appointment. It might be unclear why an estate agent would need to see your proof of identification before you can go and view a property, but this procedure is fast becoming standard practice to guard against potential criminal activity. Following severa...

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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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