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GOOD 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

RE/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

DIFFERENT 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,

RE/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

ARE APPROVED BUILDING PLANS NEEDED WHEN SELLING IN SA?

Is the seller obliged to give copies of the plans of their property to prospective buyers? This is a question that comes up time and again during the sales process. The short answer is “No.” The long answer is a bit more complicated: it’s also the buyer’s right to ask for them, and even to include a clause to that effect in the offer to purchase (OTP). It is good to be prep

INTEREST RATES LEFT UNCHANGED AT LATEST MPC MEETING

Debt holders can let out a sigh of relief as 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%. With inflation dropping to 4,7% in July, most economists predicted that interest rates would hold steady at this meeting. “The decision to keep interest rates stable is a reassuring outcome t

RE/MAX, RUGBY & REWARDS

COMPETITION TERMS & CONDITIONS (September 2023) How it works: Get the Superbru app (Android: www.superbru.com/get-android-app | iOS: www.superbru.com/get-ios-app | Web: https://www.superbru.com/worldcup_predictor/pool.php?p=12611902) Select “World Cup Predictor League” Search for the pool code “JOKEHARK”. It should take you to the pool labelled &ldquo

THE BASICS OF CAPITAL GAINS TAX FOR HOMEOWNERS

When the selling price of the home is more than the price you initially paid for the home, you will most likely have to pay capital gains on that profit. What is capital gains? Well, simply put, Capital Gains Tax (or CGT) is a tax on the profit (income) you make when you “dispose” of a capital asset like a house. “Dispose” is a technical term for the transfer of ownership w

DOWNSIZING YOUR HOME: THE BIG DECISION TO GO SMALL

Tiny homes are a growing trend – internationally and in South Africa. Although downsizing to a smaller house or apartment may not appeal to everyone, there may well come a time when downsizing just makes more sense. Maintaining a largely underutilised property doesn’t always make financial sense if the family has shrunk and the children have fled the nest. With the increasing cost of l

INTEREST RATES FINALLY STABILIZE

Some good news for debt holders as the Monetary Policy Committee (MPC) announced that interest rates will remain stable at 8.25% (repo rate), leaving the prime lending rate at 11.75%. This ends the consecutive hiking cycle that started in November 2021. Pleased by this announcement, Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett says that an increase might have been in t

RE/MAX NATIONAL HOUSING REPORT Q2 2023

Rising Interest Rates Cool Down Property Sales The series of interest rate increases has finally begun to visibly affect the local housing market.   According to Lightstone Property data, as at 04 July 2023, a total of 30,343 bond registrations were recorded at the Deeds Office for the period April to July 2023. The RE/MAX National Housing Reports reveal that this figure is down by a wh

RE/MAX WINS DIAMOND ARROW AWARD AT PMR EVENT

RE/MAX of Southern Africa claimed the coveted Diamond Arrow Award in the category for Real Estate Agents at the annual PMR.africa Western Cape Provincial Survey Business Excellence Awards Breakfast held on 20 June 2023 at Da’Aria. To determine the winners for this year’s event, PMR.africa completed its annual survey of the Western Cape Province to measure companies, institutions, go

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GOOD NEWS FOR HOMEOWNERS: INTEREST RATES REMAIN UNCHANGED