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RE/MAX CLOSES RECORD-BREAKING SALES MONTH WITHIN LOCKDOWN

RE/MAX CLOSES RECORD-BREAKING SALES MONTH WITHIN LOCKDOWN

South Africa has just come off the back of one of the toughest periods from a real estate industry point of view. Real estate practitioners were without any cash, without any resources, and without any way of serving their clients under Alert Level 5 and 4. And, just over a month later, RE/MAX of Southern Africa has hit a record sales month in the history of the company. “Across Southern...

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Interest Rate Cut to Speed Up Recovery in Housing Market

Interest Rate Cut to Speed Up Recovery in Housing Market

The record-breaking streak of interest rates cuts in January through to May has already spiked interest in the first-time buyers’ market. The housing market received further good news when today, the Monetary Policy Committee (MPC) announced that the interest rate will drop by 25 basis points. The repo rate, therefore, lowers to 3.5%, leaving the prime lending rate at 7%. Adrian Goslett,...

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RE/MAX National Housing Report Q2 2020 National Lockdown brings the Property Market to a Standstill

RE/MAX National Housing Report Q2 2020 National Lockdown brings the Property Market to a Standstill

The national lockdown brought the local housing market to a standstill as the Deeds Office closed during Alert Level 5 and most of Alert Level 4. This was worsened by the fact that real estate services were unable to operate until Alert Level 3. The result saw historically low levels of activity for the second quarter of 2020. According to Lightstone Property data, a total of 5792 bond registra...

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HOW TO MAKE A SAFE REAL ESTATE INVESTMENT

HOW TO MAKE A SAFE REAL ESTATE INVESTMENT

If you’ve ever thought about investing but are nervous about making a loss, then you should consider investing in real estate. Investing in property is like betting on the winning team provided you know how to make a safe real estate investment. When done right, investing in real estate can be incredibly lucrative and satisfying. Making such a huge commitment can be very stressful because...

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HOW TO ENSURE YOUR OFFER ISN’T REJECTED ON YOUR DREAM HOME

HOW TO ENSURE YOUR OFFER ISN’T REJECTED ON YOUR DREAM HOME

You’ve finally found your dream home and can already see where you will hang all your favourite pictures. You know in your heart that this is the perfect house and you can’t afford to lose this opportunity. Now you just need to submit an offer that simply cannot be rejected or refused... Below are a few tips to help you submit a bulletproof offer that the seller of your dream home s...

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5 SIGNS TO TELL IT’S TIME TO FIND A NEW HOME

5 SIGNS TO TELL IT’S TIME TO FIND A NEW HOME

Deciding to sell your home is a big decision that can be an incredibly emotional experience for you and your family. However, it can also be an opportunity to improve your lifestyle and start fresh. If you’re starting to feel the itch to find new surroundings, below are five signs that you might be ready to sell your home: 1. Your family shows signs that they’ve outgrown the home...

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TRAVEL BAN CREATES NEW TRENDS IN RENTAL MARKET

TRAVEL BAN CREATES NEW TRENDS IN RENTAL MARKET

The travel ban has placed many travellers in precarious living situations, especially those who had plans to emigrate just before the lockdown started. This has led to new trends in the rental market, with fully-furnished, medium-term rentals becoming increasingly popular and Airbnb homes moving to the long-term rental market to avoid vacancies.   Regional Director and CEO of RE/MAX o...

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PROPERTY MARKET PERFORMANCE ACROSS THE GLOBE

PROPERTY MARKET PERFORMANCE ACROSS THE GLOBE

The economic impact of this pandemic has been felt across the globe as countries retreated into lockdown and partially closed their economies to contain the spread of COVID-19. As most of the world slowly emerges from lockdown and cautiously begins their new normal, the need to buy, sell and rent has reemerged and reignited property markets across the globe.   According to Regional Directo...

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MILESTONE GROWTH FOR RE/MAX SA

MILESTONE GROWTH FOR RE/MAX SA

The national lockdown has affected industries across the board. With sales in all industries dropping to record lows, commission earners are one of the hardest hit over this time. The real estate sector, in particular, has seen some of the lowest sales figures in years owing to the Deeds Office closure and not being cleared to operate under alert level 5 and 4 of lockdown.    Des...

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3 WAYS TO GIVE BACK DURING THE PANDEMIC

3 WAYS TO GIVE BACK DURING THE PANDEMIC

The portion of the South African population that suffers from hunger continues to grow as a result of the national lockdown. Stats SA recently released a report stating higher levels of hunger based on the results of a series of online web-based surveys. Roughly 11,4% (roughly one out of every ten) of the respondents whose income had decreased during lockdown reporting that they have experienced h...

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PROPERTY INVESTMENTS REMAIN ONE OF THE SAFEST OPTIONS

PROPERTY INVESTMENTS REMAIN ONE OF THE SAFEST OPTIONS

With stock markets as volatile as they are and GDP forecasts looking gloomier than ever, many investors are reevaluating the safety of their investment decisions, justifiably so. And, while property price growth is also slower than usual, Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, reassures investors that their money is safe in the property market. “Real estat...

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AVOID THESE PITFALLS WHEN BUYING BEFORE A VIEWING

AVOID THESE PITFALLS WHEN BUYING BEFORE A VIEWING

Until the threat of COVID-19 is contained, many buyers who want to take advantage of the record low-interest rates or who are serious about buying over this time might prefer to purchase without ever stepping foot into the home. Though technology makes it possible, buyers should be very thorough before signing the legally binding offer to purchase. Below are some pitfalls buyers should avoid wh...

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