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low interest rates and pandemic driven lifestyle trends continue to boost housing demand

Low interest rates and pandemic-driven lifestyle trends continue to boost housing demand

Low Interest Rates First quarter oobarometer statistics released by ooba, South Africa’s foremost home loan comparison service, show continued robust growth in the residential property sector despite a year dominated by the Covid-19 pandemic and the ensuing economic fallout.According to the oobarometer, the Average Purchase Price increased by 13.8% for the first quarter of 2021 (Q1 21) compared to...

affordably priced cape metro homes below r1 5m are being snapped up

Affordably priced Cape Metro homes below R1.5m are being snapped up

Affordably priced homes below R1.5 million are flying off the shelves in the Cape Town Metro, to the extent that there is currently a shortage of stock in this price band. However, despite the high demand – which is mainly from first-time buyers and some investors, and is evident across the Northern and Southern Suburbs as well as the Western Seaboard, homes in these price ranges can be found, as...

absa bank partners with the amdec group to bring iconic harbour arch development to fruition

Absa Bank partners with the Amdec Group to bring iconic Harbour Arch development to fruition

Absa Bank has partnered with Amdec Group, South Africa’s leading developer of new urban precincts, to develop the first tower of the multi-billion rand Harbour Arch project on the Foreshore in Cape Town. With an estimated R15 billion private equity investment, the Harbour Arch development is set to have an extremely positive impact on the City of Cape Town – and its inhabitants – both now and in...

Electronic Documents & Signatures

A revisit to electronic documents and signatures

The COVID-19 lockdown has highlighted the challenges of getting everyone together for an old-fashioned, original “paper and ink” signing session. Electronic signatures can ease property transfer transactions – here’s when and how they are valid. “To sign a document means to authenticate that which it stands for, or is intended to represent the name of the person who is to authenticate”...

Amanzimtoti Property • Crisna van der Bank • RE/MAX Toti

Simply Unbelievable!!! Best month in the history of RE/MAX SA!!!!

  RE/MAX National Housing Report for June 2020Home Sales Post Near-Record Turnaround Despite Inventory Constraint.DENVER, July 17, 2020 /PRNewswire/ -- RE/MAX, LLC announced today June home sales posted a near-record 37% gain over a pandemic-impacted May while Months Supply of Inventory dropped below two months for the first time in the report's 12-year history. Overall, U.S. home sales returned...

Amanzimtoti Property • Crisna van der Bank • RE/MAX Toti

MONEY CLINIC: Is it legal for our landlord to charge us a R500 late penalty fee during Covid-19?

An Amanzimtoti Property reader financially affected by the coronavirus outbreak has been charged a penalty every month for late rental payments. He wants to know if he is legally obligated to pay it. He writes: "My wife and I have been affected financially by the Covid-19 pandemic, just like everybody else. We have been making partial payments for our rent, but always clear the balance by the time...

5 Tips For Selling Your Home During The Coronavirus Pandemic

What the record low interest rates mean for consumers

The further easing of monetary policy by the South African Reserve Bank (SARB) has presented a golden opportunity for consumers looking to snap their dream house on the cheap and those looking to lower their debt servicing costs. The central bank today cut its lending rate by 50 basis points to a new record low of 3.75%. Andrew Golding, CEO of the Pam Golding Property, said the repo rate reduction...

Amanzimtoti Property • Crisna van der Bank • RE/MAX Toti

Here’s why you should plan to buy property now

Here's why you should plan to buy property now   If there is any way you can afford it, you should start planning to get into the property market as soon as possible. One of the most frequent questions being asked in the real estate sector at the moment is whether this is a good time to buy a home or an investment property. “And the answer is yes, if there is any way you can afford it, you should...

Amanzimtoti Property • Crisna van der Bank • RE/MAX Toti

Skills That You Can Learn In The Real Estate Market

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Amanzimtoti Property • Crisna van der Bank • RE/MAX Toti

10 Things Your Competitors Can Teach You About Real Estate

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