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RE/MAX National Housing Report Q2 2021

RE/MAX National Housing Report Q2 2021

HOUSING MARKET ACTIVITY RETURNS TO NORMAL After a full year of living under lockdown restrictions of varying levels, the property market seems to have reached an equilibrium. This is according to Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, who refers to the RE/MAX National Housing Report for Q2 2021. “The second quarter of 2020 saw the Deeds Office closure w

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WHAT HAPPENS DURING THE PROPERTY TRANSFER & REGISTRATION PROCESS

WHAT HAPPENS DURING THE PROPERTY TRANSFER & REGISTRATION PROCESS

You've found your dream home but there’s one thing standing between you and the keys – the transfer of property ownership. This process can seem complicated, but it can be relatively straightforward if you have the help of a knowledgeable professional at your side to guide you through it. To help you understand the basics, below is an outline of what happens during this process:

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THE PROS & CONS OF MAKING A CASH OFFER

THE PROS & CONS OF MAKING A CASH OFFER

If you’re in the fortunate position of having enough liquid capital available to purchase a property without accessing home finance, you’ll find yourself in a position where you will have unique leverage when placing an offer on your dream home. When sellers are faced with a cash offer, they’re provided with the assurance that you already have the means to purchase the home. Howe

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HOW TO NEGOTIATE A REASONABLE LEVY INCREASE

HOW TO NEGOTIATE A REASONABLE LEVY INCREASE

At the end of every financial year, Homeowners Associations (HOA) and Body Corporates may choose to discuss and implement an annual levy increase. If you’re feeling as though the proposed escalation is unreasonable, you may raise your objections at the next Annual General Meeting. For those hoping to negotiate a more reasonable levy increase, below are a few ways to ensure you have all th

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SWINGING INTO A SELLER’S MARKET

SWINGING INTO A SELLER’S MARKET

Against all predictions, the property market continues to remain incredibly active. Lifestyle changes brought about by the pandemic combined with record-low interest rates have continued to drive up demand for homes, so much so that the market may well be shifting towards a seller’s market in some areas. After concluding back-to-back months of record-high sales volumes, Adrian Goslett, Re

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HISTORIC INVESTMENT OPPORTUNITY

HISTORIC INVESTMENT OPPORTUNITY

A unique investment opportunity has arisen in Knysna in the form of a stylish, recently restored commercial property that once belonged to the Mayor of Knysna in 1929. The property can be used for offices or can be easily converted into a guesthouse or used as a private residence, meaning that the opportunities for rental income are endless with this property. Boasting six bedrooms, two lounges

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CONSIDER THIS BEFORE MOVING AWAY FROM THE CITY

CONSIDER THIS BEFORE MOVING AWAY FROM THE CITY

The one thing COVID-19 has taught many businesses is that they can remain productive while being flexible about where employees are based. Many organisations have embraced that their employees are working remotely, which has allowed them more freedom to choose where they want to live. A recent blog posted by RE/MAX New Zealand reported that 65,000 more people chose to move to regional Australia

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HOW SERVITUDES CAN AFFECT PROPERTY VALUES

HOW SERVITUDES CAN AFFECT PROPERTY VALUES

When searching to purchase a property, most buyers are on high alert for any excuse to hackle down on price. Discovering that a property comes with a servitude often gives buyers exactly such an excuse. Before you decide to invest in a property with a registered servitude, it might be best to know exactly how these can affect property values. What is a servitude Simply put, a servitude allows

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COMMERCIAL PROPERTY PERFORMANCE IN EAST LONDON

COMMERCIAL PROPERTY PERFORMANCE IN EAST LONDON

Commercial real estate has suffered from high vacancy rates and low levels of demand ever since the pandemic hit our shores. According to Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, this trend is likely to continue for some time.   “Most companies have realised that it is possible to remain productive while operating remotely. Many have also innovated to o

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CHARITABLE WAYS TO HELP YOUR COMMUNITY THIS WINTER

CHARITABLE WAYS TO HELP YOUR COMMUNITY THIS WINTER

Winter is by far the hardest season for a large portion of the South African population who are living outside the formal housing sector. Though one might not have the means to help in a dramatic way, there are still many small ways to help those in need this Winter. According to the 2016 Community Survey by StatsSA, 2,193,968 South Africans live in informal dwellings (defined as a dwelling or

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HOW TO SPOT PROPERTY INVESTMENT OPPORTUNITIES EARLY

HOW TO SPOT PROPERTY INVESTMENT OPPORTUNITIES EARLY

Lifestyle changes brought about by the pandemic combined with record-low interest rates are likely to lead towards a host of new investment opportunities developing within the local real estate market. Those hoping to capitalise on such an opportunity ought to heed the advice of real estate experts to make sure they spot opportunities as they arise.  When it comes to maximizing returns on

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INTEREST RATE HIKES HELD OFF FOR ANOTHER QUARTER

INTEREST RATE HIKES HELD OFF FOR ANOTHER QUARTER

After announcing at their previous meeting that the interest rates may increase by 25 basis points in the second quarter, the Monetary Policy Committee (MPC) cut the country a break today when it announced that interest rates will remain stable, keeping the repo rate at 3.5% and the prime lending rate at 7%. According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, th

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