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INTEREST RATES CLIMB AGAIN

INTEREST RATES CLIMB AGAIN

The Monetary Policy Committee (MPC) announced today that the repo rate will climb by a further 25 basis points to 7.25%, leaving the prime lending rate at 10.75%. While this increase came as no surprise, it is somewhat less certain how many further hikes can be expected in the year ahead. “It all depends on how inflation behaves and how our economy performs. The worsening energy crisis an

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RE/MAX NATIONAL HOUSING REPORT Q4 2022

RE/MAX NATIONAL HOUSING REPORT Q4 2022

Steady But Slow Results for the Local Housing Market As predicted, the local housing market has started to show signs of entering a cooling-off period following the season of hyperactivity that was caused by record-low interest rates. According to Lightstone Property data, as at 09 January 2023, the number of transfers (both bonded and unbonded) recorded at the Deeds Office for the period Oc

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WHAT IS THE DIFFERENCE BETWEEN PROPERTY LATENT & PATENT DEFECTS?

WHAT IS THE DIFFERENCE BETWEEN PROPERTY LATENT & PATENT DEFECTS?

Have you recently bought your dream house, only to discover that the walls are moist a few weeks later? Maybe the window was broken? Perhaps you are now in a situation where you have sold your house and must defend yourself against the buyer's unjustified claims of damages. The distinction between what constitutes a latent flaw and a patent one might just hold the key to your solution. What

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WHAT DOES IT MEAN TO BE A CO-OWNER OF A PROPERTY?

WHAT DOES IT MEAN TO BE A CO-OWNER OF A PROPERTY?

The meaning of “co-ownership” in the context of owning property means the simultaneous ownership of a property by two or more people where their shares are undivided. It is becoming more common for people to choose this as a means of entering the real estate market, but it is crucial to be aware of the pros and cons in a co-ownership agreement. Let’s delve a little deeper into ho

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DONATE TOYS AT YOUR NEAREST RE/MAX OFFICE THIS DECEMBER

DONATE TOYS AT YOUR NEAREST RE/MAX OFFICE THIS DECEMBER

Planning on tackling a festive clean-up to make space ahead of the new year? The annual RE/MAX National Toy & Book Collection offers a great opportunity to spread some festive cheer to those in need. Drop off any spare toys, books, stationery supplies and children’s clothing at a local participating RE/MAX office between December - January 2023. All donations received will be dropped

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HIKING CYCLE CONTINUES TO PUT PRESSURE ON HOMEOWNERS

HIKING CYCLE CONTINUES TO PUT PRESSURE ON HOMEOWNERS

The Monetary Policy Committee (MPC) announced today that the repo rate will climb by a further 75 basis points to 7%, leaving the prime lending rate at 10.5%. Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett says that these interest rate hikes are to be expected, especially considering the global trends that are emerging. “With interest rates and inflation rising acr

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RE/MAX LAUNCHES INNOVATIVE 3D BILLBOARD CAMPAIGN

RE/MAX LAUNCHES INNOVATIVE 3D BILLBOARD CAMPAIGN

Innovocean, in partnership with Mark1, AdMakers International and Hivestack recently launched a first-of-its-kind ‘anamorphic programmatic’ digital out of home (DOOH) campaign at the iconic Victoria & Alfred (V&A) Waterfront, for RE/MAX of Southern Africa. The result was an attention-grabbing DOOH display, optimised via programmatic buying, which incorporated larger-than-lif

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3 EASY WAYS TO SUPPORT MOVEMBER

3 EASY WAYS TO SUPPORT MOVEMBER

In an effort to raise awareness around various men’s health issues, including testicular and prostate cancer, RE/MAX of Southern Africa is challenging its network to wear or grow a moustache for a Movember-themed Livestream workout event to be held on Friday, 18 November 2022. The event can be watched on the brand’s YouTube channel.    The brand’s aim with this campa

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RE/MAX NATIONAL HOUSING REPORT Q3 2022

RE/MAX NATIONAL HOUSING REPORT Q3 2022

Property Market Activity Levels Off For almost every month this year, the RE/MAX of Southern Africa network has beaten its own recording-breaking sales results for 2021. While the brand continues to excel, there are signs that the market is finally starting to cool off following the post-pandemic boom of activity within the local housing market.   “For eight of the nine months rec

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AVOID THIS PROPERTY SCAM

AVOID THIS PROPERTY SCAM

Within these challenging economic times, the number of property scams are on the rise.  RE/MAX of Southern Africa has received several reports of various real estate agent scams taking place and warns consumers to remain vigilant against them. “With interest rates climbing, times are tough for many South Africans. This could lead to more opportunist crimes as people become increasing

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HOW INTEREST RATES AFFECT YOUR HOME LOAN?

HOW INTEREST RATES AFFECT YOUR HOME LOAN?

When you take out a home loan, the bank will charge you a rate for lending you that money. This charge is calculated as a percentage of your home loan amount and is known as your interest rate. The lower this interest rate, the better it will be for you. Sounds simple, right? Sadly, it’s a bit more complicated than this because the interest rate the bank grants you is linked to the Prime

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HOW DO DEPOSITS WORK FOR FIRST-TIME BUYERS?

HOW DO DEPOSITS WORK FOR FIRST-TIME BUYERS?

Buying a home is a long-term financial commitment. It can feel a bit daunting to consider how to afford the monthly home loan repayments, especially if you are a first-time buyer. But, it is possible to lessen this expense by paying a deposit. In addition to increasing the chances of your home loan being approved, there are many other reasons why a deposit will benefit you as the buyer in both the

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