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HOW TO SHOP IN A BUYER’S MARKET

HOW TO SHOP IN A BUYER’S MARKET

August 2018 In most regions across South Africa buyers are currently spoilt for choice in the property market – even in the burgeoning Cape Town market. One mistake buyers simply cannot afford to make in this current market is to allow the overwhelming amount of stock put them off the task of sifting through the mountain of listings available and delay them in putting down an offer. &l...

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A LOOK AT THE INTERNATIONAL PROPERTY PRICES

A LOOK AT THE INTERNATIONAL PROPERTY PRICES

Emigration-driven sales is on the rise, accounting for roughly 14% of sales in Q1 2019. By far the most popular destination for South African expats is the United Kingdom, with a total of 210,000 living here in 2017. This was closely followed by 190,000 South African expats living in Australia and further 100,000 living in American states. If you had it in mind to follow their example and say y...

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RE/MAX NATIONAL HOUSING REPORT Q2 2018

RE/MAX NATIONAL HOUSING REPORT Q2 2018

Second Quarter Yields Promise “After a slow first quarter, the 2018 property market is beginning to show promising improvements,” says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa. Over the period of April - June 2018, Lightstone Property recorded a total of 38,055 bond registrations at the Deeds Office, totalling an amount of R40,790,027,000. This is an 19...

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MPC PLAYS IT SAFE

MPC PLAYS IT SAFE

The predicted (though not favoured) decision was made earlier today by the Monetary Policy Committee (MPC) as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would continue at 10% and the repo rate at 6.5%. The decision to keep interest rates unchanged at a time when a drop could have provided consumers with some much-needed relief was a cautious move by the MPC, who bel...

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EXPANDING THE RE/MAX FOOTPRINT

EXPANDING THE RE/MAX FOOTPRINT

RE/MAX of Southern Africa expanded its regional footprint on 15 May 2018, when it opened its first office in Mauritius: RE/MAX 24. The global real estate brand now operates in five regions in Southern Africa, including South Africa, Botswana, Namibia, Swaziland, and the newly added island region of Mauritius. Broker/Owner, Errol Areington, first noticed a gap in the local real estate market whe...

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SLOWING RENTAL MARKET IN THE CAPE

SLOWING RENTAL MARKET IN THE CAPE

As the heavens finally unleash the winter rains in Cape Town, the same relief is not felt by landlords in the area who are facing unlet properties for the first time in years.  “Before property investors throw in the towel, this is by no means a reason to panic. Cape Town is a resilient market and this shift is only a realignment that would inevitably follow the unprecedented growth the...

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NEIGHBOURHOOD REPORT: STRAND

NEIGHBOURHOOD REPORT: STRAND

The Capetonian dream is to live by the ocean with the iconic mountain making an appearance somewhere in the horizon. But, that dream comes with a hefty price tag that many simply cannot afford. But, should you venture some kilometres out of the city centre, entirely new realms of beachside bliss await you … The Lay of the Land Strand is a down-to-earth seaside suburb that is roughly a 4...

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INVEST IN A LUXURIOUS RETIREMENT

INVEST IN A LUXURIOUS RETIREMENT

Pair it with any pleasant-sounding synonym you may like; but, for many, the word “retirement” placed adjacent to anything resembling the word “home” will immediately conjure up images of unpleasant nurses, sterile environments, bed pans, and shower rails. While that reality might have been true at the time for some of the earlier Baby Boomers, the same cannot be said for th...

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HOMEOWNING BUDGETING BASICS

HOMEOWNING BUDGETING BASICS

The initial costs of owning a home can be a bitter pill to swallow but with careful financial discipline and planning, the dread of the pending debit orders will lessen over time. To make things more manageable, start by organising your finances into a real-time budget by recording your current expenses for the month. After this, you can work out realistic goals of how much you can afford to put a...

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SELL IN FIVE SIMPLE STEPS

SELL IN FIVE SIMPLE STEPS

Selling your home but have no idea where to start? Below is a step-by-step advice for first-time sellers… Step 1: Pick your price You can’t sell without a price. A realtor can provide an assessment for you that will provide a realistic selling value on your home. Find an agent who knows your area well and can tell you what properties in your area have sold for – not just wha...

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6 STEPS TO SAVING FOR A DEPOSIT IN 5 YEARS

6 STEPS TO SAVING FOR A DEPOSIT IN 5 YEARS

According to data recently released by FNB, the average age of a South African home buyer has increased from 38 to 44 this year. That’s largely because, if you take a realistic look at the property market, you will discover that you will need a minimum of R100,000 to use as a deposit and to cover the various other expenses on an entry-level property. Even if you take out a 100% access bond,...

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HAS AIRBNB AFFECTED THE RENTAL MARKET?

HAS AIRBNB AFFECTED THE RENTAL MARKET?

Most were sceptical of the concept when Airbnb first launched in the US in 2008. But, after the company announced that it had generated R2.4 billion in economic activity in South Africa in 2016, sentiment quickly swayed in Airbnb’s favour, transforming it into a widely used platform for those looking to make some extra cash. With the large crowd of users it has drawn, the question on ever...

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