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ANOTHER MONTH WITHOUT ANY INTEREST RATE CUTS

ANOTHER MONTH WITHOUT ANY INTEREST RATE CUTS

Many will undoubtedly be disappointed to hear that the Monetary Policy Committee (MPC) did not choose to cut interest rates at their latest meeting, announcing instead that interest rates will remain stable at 8.25% (repo rate), leaving the prime lending rate at 11.75%. Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, says that this announcement is disappointing. “W

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INTEREST RATES TO HOLD STEADY FOR NOW

INTEREST RATES TO HOLD STEADY FOR NOW

Although not quite the cut most homeowners were hoping for, the Monetary Policy Committee (MPC) announced today that interest rates will remain stable at 8.25% (repo rate), leaving the prime lending rate at 11.75%. While a cut would have created more welcomed relief, Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, says that this announcement will at least avoid placing f

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RE/MAX NATIONAL HOUSING REPORT Q4 2023

RE/MAX NATIONAL HOUSING REPORT Q4 2023

Another Quarter of Muted Growth The ramifications of high interest rates are still being felt in the fourth quarter of 2023, with fewer transactions occurring and leaving room for only marginal house price appreciation.    According to Lightstone Property data, as at 10 January 2024, the number of transfers (both bonded and unbonded) recorded at the Deeds Office for the period Octo

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WHAT'S A SOLE MANDATE & HOW DOES IT WORK?

WHAT'S A SOLE MANDATE & HOW DOES IT WORK?

Before we dive into this topic, it’s important to understand that an estate agent may not sell your – or any property – unless they have a mandate from you, the owner. A mandate gives the property practitioner the legal authority to advertise and present the property to prospective buyers. We have, in other articles, discussed the difference between an open and sole mandate, a

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GOOD NEWS FOR HOMEOWNERS: INTEREST RATES REMAIN UNCHANGED

GOOD NEWS FOR HOMEOWNERS: INTEREST RATES REMAIN UNCHANGED

The Monetary Policy Committee (MPC) announced today that interest rates will remain stable at 8.25% (repo rate), leaving the prime lending rate at 11.75%. This comes as some much-needed relief as many debt holders are struggling to keep up with repayments, even at the current rates. Given that inflation increased to 5,4% in September from 4,8% in August, it is understandable that interest rates

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RE/MAX SA WINS ‘BEST USE OF DIGITAL OUT OF HOME’ AT GLOBAL AWARDS

RE/MAX SA WINS ‘BEST USE OF DIGITAL OUT OF HOME’ AT GLOBAL AWARDS

For their innovative marketing efforts, RE/MAX of Southern Africa – in partnership with Mark1, Innovocean, AdMakers International and Hivestack – won Gold at The Wires in London for Best Use of Digital Out Of Home. The award was won based on the brand’s Anamorphic pDOOH billboard campaign that ran at the V&A Waterfront mall in November 2022. The anamorphic programmatic for

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DIFFERENT TYPES OF REAL ESTATE AGENTS

DIFFERENT TYPES OF REAL ESTATE AGENTS

Estate agent, property broker, and property practitioner: what’s in a name?   In an increasingly international world, terminology is becoming confusing. When it comes to renting, selling, and/or buying a new home, it can be useful to know the difference (if there is any) between an estate agent, property broker, practitioner, realtor, a buyer’s agent, a seller’s agent,

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RE/MAX NATIONAL HOUSING REPORT Q3 2023

RE/MAX NATIONAL HOUSING REPORT Q3 2023

Market Adjusts to Higher Interest Rates The third quarter of 2023 produced a mixed bag of results for the local housing market. While overall performance is down year-on-year, there is minor improvement on the previous quarter’s results. According to Lightstone Property data, as at 04 October 2023, the number of transfers (both bonded and unbonded) recorded at the Deeds Office for the

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ARE APPROVED BUILDING PLANS NEEDED WHEN SELLING IN SA?

ARE APPROVED BUILDING PLANS NEEDED WHEN SELLING IN SA?

Is the seller obliged to give copies of the plans of their property to prospective buyers? This is a question that comes up time and again during the sales process. The short answer is “No.” The long answer is a bit more complicated: it’s also the buyer’s right to ask for them, and even to include a clause to that effect in the offer to purchase (OTP). It is good to be prep

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INTEREST RATES LEFT UNCHANGED AT LATEST MPC MEETING

INTEREST RATES LEFT UNCHANGED AT LATEST MPC MEETING

Debt holders can let out a sigh of relief as the Monetary Policy Committee (MPC) announced today that interest rates will remain stable at 8.25% (repo rate), leaving the prime lending rate at 11.75%. With inflation dropping to 4,7% in July, most economists predicted that interest rates would hold steady at this meeting. “The decision to keep interest rates stable is a reassuring outcome t

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RE/MAX, RUGBY & REWARDS

RE/MAX, RUGBY & REWARDS

COMPETITION TERMS & CONDITIONS (September 2023) How it works: Get the Superbru app (Android: www.superbru.com/get-android-app | iOS: www.superbru.com/get-ios-app | Web: https://www.superbru.com/worldcup_predictor/pool.php?p=12611902) Select “World Cup Predictor League” Search for the pool code “JOKEHARK”. It should take you to the pool labelled &ldquo

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THE BASICS OF CAPITAL GAINS TAX FOR HOMEOWNERS

THE BASICS OF CAPITAL GAINS TAX FOR HOMEOWNERS

When the selling price of the home is more than the price you initially paid for the home, you will most likely have to pay capital gains on that profit. What is capital gains? Well, simply put, Capital Gains Tax (or CGT) is a tax on the profit (income) you make when you “dispose” of a capital asset like a house. “Dispose” is a technical term for the transfer of ownership w

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