How buyers can gain leverage in a seller’s market

Oct 12, 2020 10:17:54 PM Share this:

Many areas are experiencing a hot real estate market and have shifted to a seller’s market. This is despite the COVID-19 pandemic or perhaps because of it, as well as the subsequent record low-interest rates. While current conditions are prime for sellers, they can make the process more challenging for property buyers. Navigating a seller's market can seem daunting for prospective buyers, however, they can still position themselves for success and zero in on their ideal property. 


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Topics: Buying, Richard Gray, Real Estate Agents, Harcourts Real Estate, First time homeowner, COVID-19

Proptech industry propelled into action during COVID-19 pandemic

Oct 5, 2020 7:28:02 PM Share this:

The Proptech, or property technology industry, is experiencing a massive push by the coronavirus pandemic, with companies implementing and investigating technology-backed solutions to combat ongoing challenges. The proptech value chain as a whole has always depended on whether the country is equipped to transition into a more technologically-driven system, however, COVID-19 didn’t lend itself to choice.  


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Topics: Richard Gray, Real Estate Agents, Harcourts Real Estate, COVID-19, Proptech

Port Elizabeth - investment opportunity due to pandemic-induced market

Sep 21, 2020 7:43:15 PM Share this:

Real estate in the Port Elizabeth region is a burgeoning market in unprecedented times. As a whole, the property industry has experienced many unforeseen changes due to the global COVID-19 pandemic, including a record-low interest rate. By far the most surprising development has been the dramatic switch to a seller’s market. With many people seeking refuge in quieter cities, as well as a growing desire for simpler lifestyles, investing in the PE property market could provide an ideal solution. 


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Topics: Richard Gray, Harcourts South Africa, Property Investment, COVID-19, Port Elizabeth, Harcourts Beachfront, Nikki Strooh

Residential rental market experiencing COVID-19 induced pressure

Sep 15, 2020 9:38:55 PM Share this:

South African Residential rental market is currently experiencing the effects of the COVID-19 economic situation. The latest PayProp Rental Index for Q2 2020 shows the first indications brought on by the pandemic and subsequent lockdown. With unfavourable effects on rental levels, growth and non-payments in the country, as well as widespread household financial pressure – the rental market is likely to follow this trend into the near future. 


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Topics: Richard Gray, Harcourts South Africa, Interest Rates, Rental Market, COVID-19

The importance of upskilling agents in an ever-evolving industry

Sep 7, 2020 4:30:23 PM Share this:

In an industry as competitive as real estate, it’s integral that estate agents continually work on developing their skills. A devotion to expanding their capabilities, as well as an evolving expertise equips agents to achieve results consistently.


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Topics: Harcourts South Africa, Real Estate Agents, COVID-19, Upskill, Digital Marketing

Optimum Real Estate Market As 100% Home Loan Approval Rises

Aug 20, 2020 11:22:24 PM Share this:

Applications for 100% home loans have seen an increase recently, with a greater extent being approved. At the same time, interests rates have dropped to 7% and are experiencing their lowest level in almost five decades. This climate could potentially offer the perfect conditions for first-time homebuyers, as well as property investors that have the desire and option to invest.


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Topics: Richard Gray, Home Loan, Harcourts Real Estate, Home Loan Application, COVID-19

Post COVID-19 economy could see rise in demand for country living

Aug 6, 2020 9:27:13 PM Share this:

Cities are a hive of capital and innovation, built for the masses, however, this, in turn, is the reason why they become the epicentres during pandemics, such as COVID-19. Since the outbreak, city dwellers have encountered a much different reality than those living in smaller communities and more rural areas.


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Topics: Richard Gray, Harcourts South Africa, Corona Virus, COVID-19, Country Living, The new normal

Smart Home Market Experiences Growth Due to COVID-19

Aug 6, 2020 9:15:37 PM Share this:

The COVID-19 outbreak is one of the most significant global events to occur in recent years, halting economic activity worldwide and compelling people to make substantial lifestyle changes


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Topics: Richard Gray, Harcourts South Africa, Corona Virus, COVID-19, Working from home, Smart Home

Lowest interest rate in 47 years creates rare opportunity for buyers

Jul 24, 2020 7:13:48 PM Share this:

Harcourts South Africa welcomes the announcement by The South African Reserve Bank (Sarb) to cut interest rates by a further 25 basis points, creating a rare opportunity for real estate investors and buyers in general. This takes the total cut in 2020 to 300 basis points, lowering the repo rate to 3.5% and the prime lending rate to 7%. The lowest rate implemented by the Bank in almost 47 years.


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Topics: Richard Gray, Harcourts South Africa, Interest Rates, Buyers and Sellers, Corona Virus, COVID-19

Cape Town's Northern Suburbs continue to offer great real estate value

Jul 8, 2020 10:34:08 PM Share this:

In the current economic framework of the country and the effects of the pandemic on the economy, real estate in Cape Town's Northern Suburbs continue to bolster the overall Western Cape property market. We are seeing increased activity in certain regions of the Northern Suburbs and since Alert Level 3 was instituted the interest in real estate in this region has continued to go from strength to strength.


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Topics: Harcourts South Africa, Real Estate Agents, Harcourts Dunn, Corona Virus, COVID-19, Buying and Selling Property, Western Cape