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PROPERTY MARKET PERFORMANCE ACROSS THE GLOBE

PROPERTY MARKET PERFORMANCE ACROSS THE GLOBE

The economic impact of this pandemic has been felt across the globe as countries retreated into lockdown and partially closed their economies to contain the spread of COVID-19. As most of the world slowly emerges from lockdown and cautiously begins their new normal, the need to buy, sell and rent has reemerged and reignited property markets across the globe.   According to Regional Directo

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MILESTONE GROWTH FOR RE/MAX SA

MILESTONE GROWTH FOR RE/MAX SA

The national lockdown has affected industries across the board. With sales in all industries dropping to record lows, commission earners are one of the hardest hit over this time. The real estate sector, in particular, has seen some of the lowest sales figures in years owing to the Deeds Office closure and not being cleared to operate under alert level 5 and 4 of lockdown.    Des

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3 WAYS TO GIVE BACK DURING THE PANDEMIC

3 WAYS TO GIVE BACK DURING THE PANDEMIC

The portion of the South African population that suffers from hunger continues to grow as a result of the national lockdown. Stats SA recently released a report stating higher levels of hunger based on the results of a series of online web-based surveys. Roughly 11,4% (roughly one out of every ten) of the respondents whose income had decreased during lockdown reporting that they have experienced h

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PROPERTY INVESTMENTS REMAIN ONE OF THE SAFEST OPTIONS

PROPERTY INVESTMENTS REMAIN ONE OF THE SAFEST OPTIONS

With stock markets as volatile as they are and GDP forecasts looking gloomier than ever, many investors are reevaluating the safety of their investment decisions, justifiably so. And, while property price growth is also slower than usual, Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, reassures investors that their money is safe in the property market. “Real estat

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AVOID THESE PITFALLS WHEN BUYING BEFORE A VIEWING

AVOID THESE PITFALLS WHEN BUYING BEFORE A VIEWING

Until the threat of COVID-19 is contained, many buyers who want to take advantage of the record low-interest rates or who are serious about buying over this time might prefer to purchase without ever stepping foot into the home. Though technology makes it possible, buyers should be very thorough before signing the legally binding offer to purchase. Below are some pitfalls buyers should avoid wh

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4 FEATURES BUYERS WILL LOOK FOR POST LOCKDOWN

4 FEATURES BUYERS WILL LOOK FOR POST LOCKDOWN

Shaken by the effects of COVID-19, the world is going to be a very different place long after we emerge from the national lockdown. When it comes to selling in a post-lockdown world, buyer preferences are likely to be very different than before. Below are some of the features that might become increasingly popular as we slowly emerge from the national lockdown.  1. Extra space to work or s

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REAL ESTATE OPERATIONS POST-PANDEMIC: THE CHANGES THAT WILL REMAIN

REAL ESTATE OPERATIONS POST-PANDEMIC: THE CHANGES THAT WILL REMAIN

While some might be hopeful that we will emerge from this crisis and everything will return to life exactly as it was before lockdown, the reality is more likely to be that a lot of how we have come to operate is here to stay. “For the real estate industry, a lot of the changes we have had to make during lockdown will help both the agent and their clients post-lockdown, as it will free up

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HOW TO RE-INTRODUCE REAL ESTATE SERVICES SAFELY

HOW TO RE-INTRODUCE REAL ESTATE SERVICES SAFELY

Industries might be able to re-open at level 3, but that doesn’t mean that the threat of COVID-19 has disappeared. Businesses will still need to operate according to the various health and safety regulations to prevent the spread of this disease. Below are the recommended guidelines for the safe re-introduction of real estate services: PROPOSED REGULATIONS AND GUIDELINES FOR RESIDENTIA

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FIRST QUARTER RESULTS FOR RE/MAX HOLDINGS INC.

FIRST QUARTER RESULTS FOR RE/MAX HOLDINGS INC.

RE/MAX Holdings Incorporated, parent company of RE/MAX, one of the world’s leading franchisors of real estate brokerage services, recently announced operating results for the quarter ended March 31, 2020.  According to the report, the group’s total agent count increased 5.0% to 131,816 agents compared to first quarter 2019. RE/MAX Holdings Inc. brought in a total Revenue of $70

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KNOCK-ON EFFECT ON SALES AS A RESULT OF LOCKDOWN

KNOCK-ON EFFECT ON SALES AS A RESULT OF LOCKDOWN

After well over a month in lockdown, the economic impact of COVID-19 is no longer speculation at this point, but rather proven fact. Even the largest player in the real estate industry, RE/MAX of Southern Africa, is feeling the impact of the national lockdown. “Our sales in the first three months were going well, with February 2020 alone yielding an 8% increase in reported sales compared

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INTEREST RATES DROP TO A RECORD LOW AS LOCKDOWN CONTINUES

INTEREST RATES DROP TO A RECORD LOW AS LOCKDOWN CONTINUES

Following a record-breaking streak of interest rates cuts in January, March and April, the Monetary Policy Committee (MPC) again announced some further relief for South Africans today by lowering the interest rate by 50 basis points. The repo rate, therefore, drops to 3.75%, leaving the prime lending rate at 7.25% According to Regional Director and CEO of RE/MAX of Southern Africa, Adrian Gosle

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HOW TO HELP YOUR AGENT SELL YOUR HOME DURING LOCKDOWN

HOW TO HELP YOUR AGENT SELL YOUR HOME DURING LOCKDOWN

Under certain lockdown restrictions, real estate services are not allowed to operate, which means that sellers will need to help their real estate agents if they want to sell while the restrictions are in place. Below are some tips on how to help your agent sell your home during lockdown if they are unable to provide their services: Schedule a Virtual Valuation Though a thorough physical in

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