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PROMISING PROPERTY MARKET RECOVERY POST LOCKDOWN  RE/MAX National Housing Report Q3 2020

PROMISING PROPERTY MARKET RECOVERY POST LOCKDOWN RE/MAX National Housing Report Q3 2020

Based on the figures from the Deeds Office, the property market has shown some steady signs of recovery after being brought to a complete standstill as a result of the national lockdown during the second quarter of 2020.  According to Lightstone Property data, a total of 36,835 bond registrations were recorded at the Deeds Office over the period of July to September 2020. This translates i...

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IMAGINE SPENDING LOCKDOWN IN SA’S MOST EXPENSIVE HOMES

IMAGINE SPENDING LOCKDOWN IN SA’S MOST EXPENSIVE HOMES

The first few months of lockdown was a trying period that highlighted the shortcomings of any home. Yet, for a lucky few within the luxury housing market, spending months confined within the home could be described as nothing short of a blissful experience – especially within the homes that overlook some of South Africa’s most scenic landscapes. “The South African real estate...

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EMERGING TRENDS AMONG PROPERTY BUYERS & SELLERS POST-LOCKDOWN

EMERGING TRENDS AMONG PROPERTY BUYERS & SELLERS POST-LOCKDOWN

Lockdown restrictions may have eased, but life has still been altered by the effects of COVID-19. A few months outside of Alert Level 5 and 4 have allowed real estate professionals the opportunity to spot the emerging trends among property buyers and sellers during this tumultuous time.   According to Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, the property...

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RAISING SUPPORT DURING BREAST CANCER AWARENESS MONTH

RAISING SUPPORT DURING BREAST CANCER AWARENESS MONTH

The power of community support is often overlooked until we are met with a medical crisis such as cancer. This Breast Cancer Awareness Month, RE/MAX of Southern Africa is calling on the power of their network to raise funds for a national Cancer Support Group, Wing of Hope. The National Cancer Registry states that Breast Cancer directly affects 1 in every 27 South African women, making it the m...

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Stable Interest Rates Allow Property Market to Remain Active

Stable Interest Rates Allow Property Market to Remain Active

Following a streak of interest rates cuts, the Monetary Policy Committee (MPC) has announced no further relief for South African debt holders today by keeping the repo rate at 3.5%, leaving the prime lending rate at 7%. According to Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, the MPC acted prudently by cutting interest rates at previous meetings. “As things sta...

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WORLD’S REAL ESTATE BROKERS MEET ONLINE

WORLD’S REAL ESTATE BROKERS MEET ONLINE

In response to the pandemic, RE/MAX, LLC took its Broker Owner Conference (BOC) into the online space. The event, which was held virtually on August 17-18, 2020, connected the network’s brokers in more than 110 countries and territories together in an online space to exchange ideas, network with each other, discover new tools and technology, and take their business to the next level. The...

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IT’S CURRENTLY CHEAPER TO BUY THAN TO RENT

IT’S CURRENTLY CHEAPER TO BUY THAN TO RENT

The record-low interest rates have already encouraged many first-time buyers to enter the market, and for good reason. At the current interest rate of just 7% (prime), and with room for another cut before the year is out, it is possible that the monthly repayments on a home loan will cost less than the rent on the same property, making it cheaper to buy than to rent. At the current interest rat...

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TAKE SOCIAL DISTANCING TO THE NEXT LEVEL: BUY YOUR OWN ISLAND

TAKE SOCIAL DISTANCING TO THE NEXT LEVEL: BUY YOUR OWN ISLAND

Ever dreamed of escaping to your own private island and leaving the worries of the world behind you? Well, if you have R19 990 000 to spare, this dream could become your reality. Currently listed with Sue Abernethy of RE/MAX Coastal, this state-of-the-art home is surrounded by water and the approach is over a private causeway. With not one, but two private jetties, plus its own private bea...

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A CHANCE TO LIVE IN YOUR VERY OWN CASTLE

A CHANCE TO LIVE IN YOUR VERY OWN CASTLE

For a cool R32 million, investors can purchase their very own sandstone castle, equipped with its own airstrip and private chapel. This sought-after property is also the seasonal home of Arctic explorer, Devlin Fogg. The property, built entirely of sandstone in a medieval style, is located only 12 kilometres from Fouriesburg. Access is either by road or by air, as the property boasts its own pr...

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Zero-Tolerance Stance on Gender-Based Violence

Zero-Tolerance Stance on Gender-Based Violence

*Updated 18/08/2020 It has recently been brought to our attention that a reported incident of gender-based violence has been alleged against one of our agents, Jarryd Philips, in his personal capacity. In view of this, RE/MAX of Southern Africa would like to clearly stipulate its zero-tolerance stance towards gender-based violence. “RE/MAX SA stands firmly against and does not tolerate...

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WHAT HAPPENS TO YOUR SMEG WHEN YOU SELL

WHAT HAPPENS TO YOUR SMEG WHEN YOU SELL

The temptation to purchase name brand appliances is undeniable. But, after many months of hard work and saving to be able to afford your beautiful designer appliance, you might want to consider what will happen to your beloved Smeg when you later decide to sell your home… What stays when you sell? Generally speaking, when the buyer purchases a home, they will receive the land, the perma...

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WHAT HAPPENS TO A TENANT WHEN A LANDLORD SELLS

WHAT HAPPENS TO A TENANT WHEN A LANDLORD SELLS

You have been looking for the ideal property to purchase for months and finally find it, but there is a catch, there is a tenant who is currently renting the property. What happens to this tenant when the landlord decides to sell the home? Simply put, because the lease agreement is legally binding and was in place before, it still stands – regardless if the owner of the home decides to se...

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