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RE/MAX National Housing Report Q3 2019

RE/MAX National Housing Report Q3 2019

SALES INCREASE AS PRICES SHOW MODERATE GROWTH The South African property market has been experiencing a lull since early last year, with national house price growth struggling to outpace inflation. However, according to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, the results of the RE/MAX National Housing Report for Q3 2019 reveal that we might be on our way to brea...

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BREAST CANCER SURVIVOR STORIES

BREAST CANCER SURVIVOR STORIES

Driving Awareness Around Early Detection & Cure According to the National Cancer Registry (2014), Breast Cancer directly affects 1 in every 27 South African women, making it the most common cancer within this demographic. Breast cancer is almost always curable if detected early. Yet, most women still fail to go for regular mammograms and perform self-examinations to check for lumps or irreg...

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WHAT YOU HEARD ABOUT JOINING RE/MAX MIGHT NOT BE TRUE…

WHAT YOU HEARD ABOUT JOINING RE/MAX MIGHT NOT BE TRUE…

These are some of the comments we’ve heard over the last 20 years, and they’re simply not true. Let's set the record straight and give you the lowdown: 1. “You can only join them as an independent contractor.” It is true that RE/MAX was founded on the 100% commission model, where the agent gets to earn the full commission on a transaction and then pays back a servic...

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HOW TO SELL IN A BUYER’S MARKET

HOW TO SELL IN A BUYER’S MARKET

In a buyer’s market, the number of homes up for sale is much larger than the number of prospective buyers looking to purchase. This means that sellers are less likely to fetch their full asking price and are more likely to wait longer for their home to sell. It is not, however, a lost cause for sellers who find themselves in these kinds of markets – they might just need to work a littl...

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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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WILL DOWNSIZING RELIEVE THE FINANCIAL PRESSURE?

WILL DOWNSIZING RELIEVE THE FINANCIAL PRESSURE?

When it comes to financial stress, downsizing sometimes makes the most sense to keep up with the rising costs of living. As tough as it might be, you stand a much better chance of recouping your losses and bolstering your financial position if you sell before you start falling behind on your bond repayments. Below are some of the pros and cons to downsizing: Con: Hidden Costs Be prepared fo...

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GIVING YOUR APARTMENT A UNIQUE SELLING EDGE

GIVING YOUR APARTMENT A UNIQUE SELLING EDGE

Across the region, we are seeing an uptake in sectional title sales. With more and more sectional title developments emerging all around the country – particularly in the major metropoles – sellers are going to have to ensure that their sectional title units have enough of a unique selling edge to remain competitive with the units next door. Scout out the competition The first plac...

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SPRING CLEAN TO SELL YOUR HOME

SPRING CLEAN TO SELL YOUR HOME

A Spring Clean is a great way for sellers to get their homes in show day condition and ensure that their property stands out in the current competitive real estate environment.  First impressions count When it comes to property, appearances matter – so make it count in the right way. If buyers have the choice between two homes in an area that offer similar features and are within th...

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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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