Most Recent Buying Articles
RE/MAX national housing report Q1 2024
Despite a multitude of factors working against it, the South African property market remains surprisingly active in the first quarter of this year; but house price growth remains hampered by broader economic conditions. Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa expected there to be slow growth in face of the external factors, including record-high interest rates, ri
Read moreHow to own your own RE/MAX franchise in Southern Africa
One of the routes to success is owning your own business. You could start a business from scratch, or you could invest in a franchise with a proven business model for success with an established brand recognition – like RE/MAX. It comes with great advantages. All RE/MAX franchises are independently owned and operated and the cost to purchase a franchise is one of the most competitive in the
Read moreANOTHER 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
Read moreHow to make a new city feel like home
Moving house is among the top five life stressors and even more so when the move is not just from one house to another, but to a new city or country. In another article, we discussed how the 80:20 principle plays an important role in choosing a new city and preparing for the move. In this article we’ll give you some useful tips and the odd life hack for putting that preparation – the 8
Read moreThe Impact of the Repo Rate on Your Home Loan
If you hold any kind of debt, it is important to keep a close eye on interest rates: as interest rates go up, so do your monthly repayments. The interest rate that your bank charges is based on the repo rate which is set by the South African Reserve Bank (SARB). To help you stay on top of this, we’ll explain what the repo rate is, how it is set, and, critically, its impact on your home loan.
Read moreINTEREST 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
Read moreRE/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
Read moreChoosing a New Hometown: Relocation 101
There are a myriad of reasons why people move to new towns or cities, ranging from retirement and lifestyle choices, to transfers and employment opportunities. Whatever the reason, the key to making it work for you is in your homework. Like so much in life, the 80:20 principle applies. In this case, the 80% is your research (homework) and the other 20% is the actual relocation. In this article
Read moreGOOD 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
Read moreRE/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
Read moreDifferent 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,
Read moreRE/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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