Most Recent Ask Articles
INTEREST 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 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
Read moreINTEREST 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
Read moreRE/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
Read moreINTEREST 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
Read moreRE/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
Read moreRE/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
Read moreSOUTH AFRICA’S FIRST BLACK COMMERCIAL BALLOON PILOT
In 2022, Komane Harold Tjiana made history by completing his balloon pilot licence, making him the first black male hot air balloon pilot in the country. To make his next dream come true, The RE/MAX Foundation will contribute R100,000 towards his Commercial pilot training. Backed by Balloon Airship Federation of South Africa, Harold qualified as a pilot in September 2022 thanks to a grant from
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