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Getting over real estate grief
We need to grieve the loss of a market that has had a slow, lingering death. The market as we knew it is gone. Builders, brokers, consumers, vendors and investors would benefit by understanding the gr ...
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Comment on Latest Interest Rate Cut
If this week's decision by the Reserve Bank's Monetary Policy Committee is the start of a dive in interest rates then we'll all be happy campers. ...
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Fractional Ownership - Timeshare or Not?
During economic times such as these, breaking into the property market is tough.
Alternative ways of buying property, such as fractional ownership, are
attracting many would-be investors who can't ...
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Should We Buy Now?
We can now say with certainty that we're beginning a downward movement in the rate cycle. Although this leaves the economy with room to manoeuvre, with regard to the economic slowdown, it means capita ...
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Know risks of letting in 2010
Many South Africans are thinking to cash in on the 2010 World Cup by renting their homes, or part of their homes, to tourists. This, however, "increases the risk of loss or damage to one's property an ...
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Big bank stops many clients accessing equity in bonds as property prices tick downwards
Big four bank Absa (JSE:ASA) has decided to stop clients accessing equity in their bonds, as property prices fall and the bank's cost of holding capital to support unutilised facilities shoots upwards ...
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Selling in a down market
If your job or life circumstances give you no choice but to sell your home in the current market, and you really need to sell soon, you are going to have to go "above and beyond" to find a buyer. ...
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If you only buy one property before you die...
Amid the slew of house price data and analysis available these days it is easy to get caught up in the details of the numbers - and forget the main reason we should buy property in the first place. ...
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Interest rates 'are probably at their peak'
At a time when South Africa's economic growth is slowing and inflation is rising, the chief economist of Old Mutual Investment Group South Africa (Omigsa), Rian le Roux, is providing a relatively upbe ...
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Letting your property - What you need to know
If you let a property in South Africa, you're required by law to pay tax on your rental income in South Africa and not in the country where the income is received. ...
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Long and Short-Term Rentals
If you're looking for a long-term rental (i.e. over three months), you're generally spoilt for choice: it's possible to rent every kind of property, from a tiny studio apartment to a huge, rambling co ...
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Reduce distressed household budgets
Stop eating out, slash new clothes spending, reduce the work time of domestic staff, forget holidays and husbands, roll up your sleeves and get stuck into helping with domestic duties, are all advance ...
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SA's property market crash: grim new stats
Latest sales figures from SA's biggest residential real estate sales group depict an industry brought to its knees. Jeanne van Jaarsveldt, marketing and finance director of RE/MAX of Southern Africa, ...
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South African Central Bank Leaves Key Rate Unchanged at 12%
South Africa's central bank left its benchmark interest rate unchanged after six increases since June last year curbed consumer spending in Africa's biggest economy. The repurchase rate will remain at ...
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How to weather the housing crisis
A cocktail of events have contributed to creating the "perfect storm" and some landlords are thus having a tough time. The next 18 - 24 months will be turbulent for the housing market. The consensus w ...
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HOW TO SURVIVE THE STORM
SA has built a large group of experienced property entrepreneurs who have large assets, property skills and confidence in the market's future. Many have been quietly building cash hoards as the intere ...
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SA housing market still 10th best
Property markets in UK, Canada, New Zealand and Norway are struggling, with SA still the 10th best performing market globally. South Africa is not the only country experiencing a rapid slowdown in hou ...
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Bird flu oil shock
Bird flu has arrived in the guise of an oil shock. Or rather the impact of the oil shock currently underway could become like what a future bird flu pandemic might feel like, at least in some respects ...
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INFLUENTIAL MAGAZINE RATES RE/MAX AS WORLD'S TOP REAL ESTATE FRANCHISE
RE/MAX is the No. 1 real estate franchise in the world - and the No. 10 franchise overall - according to Entrepreneur magazine's 29th Annual Franchise 500 survey. ...
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RE/MAX Property Associates FACTS
RE/MAX Property Associates are the Real Estate Leaders in Blaauwberg area! RE/MAX Property Associates have over 150 agents operating in Blaauwberg area! RE/MAX Property Associates have 7 offices situa ...
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Buy-to-let set for comeback
Returns from buy-to-let properties have dropped significantly from around the 10% to 12% mark at the peak of the recent property boom, to as little as 2% in some areas and an average of around 4% to 6 ...
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Housing market to show effect of higher interest rates
The Reserve Bank's Monetary Policy Committee (MPC) announced a hike of 50 basis
points in the repo rate to 10,5%, prompting banks to raise their prime and mortgage rates
to 14%. Interest rates have ...
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PRESS RELEASE - RE/MAX OF SOUTHERN AFRICA
A further interest rate increase this week could be substantially detrimental for the lower end of the residential property market and particularly the first time buyer, according to RE/MAX of Souther ...
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House sales up, prices wilt
House prices in the Western Cape wilted in August from the squeeze of higher interest rates and the new National Credit Act and in spite of a higher volume of sales. After years of steady monthly grow ...
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The Cape Philharmonic Orchestra's Winter Symphony Season
The Cape Philharmonic Orchestra's Winter Symphony Season starting on Thursday, 7th of June in the Cape Town City Hall includes many major works.... ...
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FNB Building Confidence Index
The FNB Building Confidence Index measures the business confidence of all major role players and suppliers involved in the building industry, such as architects, quantity surveyors, building contr... ...
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Buoyant homes sector unbowed by rates rises
RISING interest rates will not necessarily affect the residential property sector negatively as relatively high confidence levels, a strong economy and an emerging black middle class continue to buoy ...
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Tighter credit rules may help sales in long term
THERE are concerns that the National Credit Act may put a damper on the residential property market, but most property analysts say it will strengthen the market in the long term. ...
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Sectional title property is expected to have huge growth in the next ten years
All the indicators now point to the low-cost sectional title sector being the fastest growing in SA property for the next ten years, says Paddy Herbert, Marketing Director of Propell Levy Finance ...
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Financial Indication
When it comes to our external finances and the Rand, much depends on global forces and how these choose to respond to our economic performance and policy configuration, something we can only hope ...
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