A repo reprieve, at least for now
The Reserve Bank’s MPC elected to leave the repo rate unchanged at 8.25%; what are the implications for the property market? Industry leaders weigh in.
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The Reserve Bank’s MPC elected to leave the repo rate unchanged at 8.25%; what are the implications for the property market? Industry leaders weigh in.
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.
On Thursday, 2 November, BetterHome Group celebrated its 40th anniversary, acknowledging the exceptional individuals and businesses that have made the Group what it is today. The evening paid special honour to Jan le Roux, who has played a pivotal role in shaping the residential real estate industry over the past 40 years.
During Q3 2023, the Western Cape’s sales totals trumped that of Gauteng’s sales totals, despite it being a smaller region. Semigration combined with a recovering tourism sector along the Atlantic Seaboard has seen demand drive rentals up by 20% – 35% and more.
All indicators seem to be pointing towards greater stability. If this is the case, we should hopefully be heading into a period where inflation and interest rates will remain steady – a move that’s already boosting a flagging property market.
While the repo rate is stable, for now, it is unlikely to decrease until 2024, the local economy remains under pressure, especially from continued loadshedding, experts weigh in about what’s in store for the property market in the next few months.
What does it take to be a successful estate agent? In our second monthly industry leader feature, Adrian Goslett, CEO of RE/MAX Southern Africa discusses what separates the good from the great.
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.
While the general consensus is that the rate hiking cycle will likely come to an end after the recent increase this March, the cumulative effect of recent hikes has placed a serious burden on homeowners.
Despite the rising interest rates and rolling Eskom blackouts in a post-Covid 19 environment, the real estate industry has seen a busy 2022. What is next?