A survey completed by the Institute of Estate Agents of South Africa (IEASA) has revealed a number of interesting facts about estate agents and the local property market, which has under gone a few changes recently. Over the past five years the number on registered black estate agents in South Africa has more than doubled. [...]
Property News and Trends: Property prices have reached the turning point Local News channels have been consistent in their reports on the current condition of the South African property market recently. And, while their figures may differ, the banks’ various house price indexes are showing that we have reached a turning point. Of all the [...]
The past few weeks has produced some very interesting news regarding the South African property market. Here’s a short round up of what been happening. Interest Rates: Let’s start with the most recent interest rate announcement. The South African Reserve Bank (SARB) surprised everyone when it announced that rates will remain unchanged. Clearly the SARB [...]
Property News and Trends: 2010 Fifa World Cup Accommodation Real Estate Group, Seeff, and Supersport presenter, Gary Bailey, are teaming up to help homeowners rent out their properties during the 2010 Fifa World Cup. About R1 billion will be spent on accommodation and according to Seeff there is a shortage of over 65 000 beds [...]
SA Property News: Market set to rebound by 2010 Predictions of a turn-around in the local property market are beginning to surface from an increasing number of Real Estate groups. The latest of which has been Colliers International, who came out this week predicting that the SA residential property market will rebound by 2010. The [...]
Register today for DSTV’s new Property Training and Educational Channel Re/max, South Africa’s largest real-estate group, have launched the countries first every Property Training and Educational Channel – called RE/MAX OPEN/TIME. Starting November 5, the DSTV training channel will broadcast compelling training content for all South African Property Professionals through the Remax Global Education Center. [...]
Property News and Trends: Tony Clarke, MD of the Rawson Property Groups, predicts a 2.5% cut in interest rates by mid 2009, starting this December. In September, Rawson recorded their best sales figures for the past 11 months. This Tony Clarke, MD of the Rawson Property Group, believes indicates that the South African Market is [...]
SA Property news: 2010 FIFA World Cup Owners could raise their rents eight-fold during the tournament Despite the 2010 FIFA World Cup being about 1000 days away, property owners are already gearing up for the month long event. “There is no doubt that people will make fair amounts of money,” Michael van der Westhuizen of [...]