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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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6 INEXPENSIVE UPDATES THAT WILL HELP SELL YOUR HOME

6 INEXPENSIVE UPDATES THAT WILL HELP SELL YOUR HOME

Making your home stand out in the crowd doesn’t need to break the bank. You don’t have to go to extreme measures to create a big impact. Subtle updates can go a long way to increase your property’s appeal and give you the competitive edge. Below are a few inexpensive updates that will help you sell your home:  Curb-appeal can sell your home First impressions count &ndash...

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4 HOME STAGING TIPS FOR SELLING DURING COVID-19

4 HOME STAGING TIPS FOR SELLING DURING COVID-19

Given these unique circumstances, selling your home will require a unique approach. To give your property the best chance of being noticed by the small pool of qualified buyers who are serious about purchasing over this time, you can stage your home so that it becomes more appealing to buyers’ preferences over this time.  To help you stage your home, below are 4 home staging tips for...

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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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4 FEATURES BUYERS WILL LOOK FOR POST LOCKDOWN

4 FEATURES BUYERS WILL LOOK FOR POST LOCKDOWN

Shaken by the effects of COVID-19, the world is going to be a very different place long after we emerge from the national lockdown. When it comes to selling in a post-lockdown world, buyer preferences are likely to be very different than before. Below are some of the features that might become increasingly popular as we slowly emerge from the national lockdown.  1. Extra space to work or s...

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REAL ESTATE OPERATIONS POST-PANDEMIC: THE CHANGES THAT WILL REMAIN

REAL ESTATE OPERATIONS POST-PANDEMIC: THE CHANGES THAT WILL REMAIN

While some might be hopeful that we will emerge from this crisis and everything will return to life exactly as it was before lockdown, the reality is more likely to be that a lot of how we have come to operate is here to stay. “For the real estate industry, a lot of the changes we have had to make during lockdown will help both the agent and their clients post-lockdown, as it will free up...

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HOW TO RE-INTRODUCE REAL ESTATE SERVICES SAFELY

HOW TO RE-INTRODUCE REAL ESTATE SERVICES SAFELY

Industries might be able to re-open at level 3, but that doesn’t mean that the threat of COVID-19 has disappeared. Businesses will still need to operate according to the various health and safety regulations to prevent the spread of this disease. Below are the recommended guidelines for the safe re-introduction of real estate services: PROPOSED REGULATIONS AND GUIDELINES FOR RESIDENTIA...

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