Rental market gains momentum as financial pressure property sales increase

Jul 19, 2019 6:57:52 PM Share this:

According to the latest FNB Property Barometer Survey data shows that “Downscaling because of life stage” dominates as the most prominent reason for selling a property in SA, with such sales accounting for 23% of all sales in 2Q19, the same as in 1Q19.  However, what is most concerning is that “Downscaling due to financial pressure” has become increasingly prominent in the past year; the estimated proportion of such sales jumped to 19% in 2Q19 from 16% in 1Q19.


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Topics: Richard Gray, buying and selling, financial review, Harcourts Real Estate

Why people sold property in 2019’s first quarter

Apr 30, 2019 10:19:50 PM Share this:

Downscaling, whether for financial reasons or due to life stage, is still why most people sell their homes and they will sell if ‘priced right’ as it is still very much a buyer’s market – but emigration and dual living are also trends to watch in 2019.

The first quarter of 2019 has just ended and according to FNB economist Siphamandla Mkhwanazi the latest FNB Estate Agents Survey picked up on a few trends in the South African property market.


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Topics: Richard Gray, Harcourts South Africa, Property Markets, buying and selling, South African Elections 2019

Choosing your method of sale

Mar 25, 2019 8:00:00 AM Share this:

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When it comes to the sale of your property, there are more options available to you when choosing a method of sale than simply listing your property for a fixed price. In fact, according to the latest Harcourts figures, the number of auctions being performed around the country is up massively from last year.

So, why are people choosing to sell their homes in this way, and what are the alternatives?


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Topics: Advice, buying and selling, Financial Advice

WESTERN CAPE: BUY HERE: Our insider’s guide to Brackenfell

Feb 20, 2019 7:49:39 PM Share this:

Offering many property options, this large suburb close to the Winelands has a nature reserve on its doorstep
If you’re looking for value, consider the northern suburbs. Brackenfell is a short drive to the city on the N1, offers a range of property types, has good schools
close by and a number of attractions on its doorstep.

“We’ve seen steady growth in the sale price of properties in the area,” says Denis Dunn, principal at Harcourts Dunn.


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Topics: Harcourts South Africa, buying and selling, Tips for buying, Harcourts Dunn

Eight steps to prepare your house for sale

Feb 18, 2019 8:00:00 AM Share this:

When thinking about selling, many of us fantasise of an unlimited renovation budget that will make our home irresistible.

Inspired from watching the latest series of Extreme Renovate Backyard Blitz Master Rules we dream of that extension, new kitchen or maybe the backyard resplendent with a children’s water park.

It’s true, that investing in big ticket improvements will increase the sale price of a house, particularly if you’re a do-it-yourself renovator whiz who has the time.


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Topics: buying and selling, Tips on selling your home, Investment Tips

Price your property to sell in the current market

Jan 23, 2019 7:19:21 PM Share this:

Whether it is a buyers or seller's market accurate valuation and pricing of your home is imperative if you aim to have a successful transaction. Realistic pricing is relevant to accurate market value and often buyers will compare your home to the properties in the area so they can gauge an insight into the true market value.


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Topics: Richard Gray, Harcourts South Africa, buying and selling, Property Valuation, Harcourts Real Estate

Expect more property developments in 2019

Jan 23, 2019 6:52:46 PM Share this:

During 2018 the South African property market was under immense pressure. We saw many agents having to reinvent their strategies in an attempt to to grow their businesses. Some were also forced to evolve as the man on the street consumes information differently. However, there were certain areas that performed well, developments being one.

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Topics: Richard Gray, Harcourts South Africa, buying and selling, Harcourts Real Estate, Property Development

Can a veggie garden add value to your home?

Aug 14, 2017 8:00:00 AM Share this:

The green revolution has become widely popular, and for good reason, with retail outlets offering organically grown food, businesses installing solar panels for residential purposes and a major surge to reduce wastage by on natural resources, it will continue to become a part of our everyday lives.

This has influenced many of us to examine our own carbon footprint. Especially from a food perspective and its role in this cycle. The knock on effects of this has caused a trend whereby families produce their own food, therefore investing in fresh produce gardens.

But can this addition add value to your home and increase demand when selling?

An aesthetically appealing garden undoubtedly adds value to your home. In the UK it is estimated that a well maintained garden can add as much as 20% to your property’s value. Taking this into consideration the added benefit of producing highly nutritious food in a garden that looks appealing to the eye will definitely add a sparkle to many buyers.

As consumers continue to educate themselves on the benefits of this lifestyle the demand for these features will continue to rise. We’ve already noticed a trend by millennial buyers for homes with improved energy efficient systems and grey water installations.

This being said, a few guidelines that might be taken into consideration so your fresh produce garden is more appealing.

  • Installing a grey water system to replenish your garden is fantastic way to ensure responsible use of water and the sustainability of the garden.
  • Aesthetic appeal has a major influence. A neat well maintained, variant identified garden has higher demand.
  • Plant varieties that will most likely form part of a family’s regular eating diet.
  • Cordoning off the area widens the scope of the buyer, as they might have children or animals that will damage the garden.

As with most upgrades to your property ensure you are able to calculate the return on investment accurately. If you’re going to spend a large amount of money expecting an unrealistic value add, you might be left disappointed.

Statement by
Richard Gray

Harcourts Africa Chief Executive Officer


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Topics: Add Value To Your Property, buying and selling