Repo cut rate does little to save economic concerns

Jan 17, 2020 9:50:54 PM Share this:

The South African Reserve Bank's monetary policy committee announced yesterday that it has voted to reduce the repo rate from 6.5% to 6.25%. Therefore the prime rate will fall to 9.75%. Although this will certainly alleviate some pressures for those in debt we are a long way from saving a vulnerable economy.


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Topics: Richard Gray, Harcourts South Africa, Economy, repo rate, Market Value

Transformation is a journey

Dec 30, 2019 8:00:00 AM Share this:

The transformation of the property sector is a journey that requires the commitment of all industry role players – also the new players included as property professionals in the new Property Professional Act says Dr Eugenia Kula-Ameyaw, executive chair of Black Women Organisation South Africa (BWOSA) and author of the new Act’s chapter on transformation.


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Topics: Harcourts South Africa, Real Estate Agents, Harcourts Real Estate, EAAB

Only 6% of South Africans will retire comfortably

Dec 6, 2019 6:51:56 PM Share this:

Given the low national savings rate and slow market growth locally and internationally, it should come as no surprise that National Treasury calculates that only about six percent of South Africans are on track to retire comfortably.


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Topics: Richard Gray, Harcourts South Africa, Retirement, Real Estate

Technology, research data forcing real estate innovation

Nov 29, 2019 7:31:47 PM Share this:

Analysing property trends in South Africa based on recent barometers and research documents, there are varied reasons and opinions explaining why certain markets are under pressure and others are thriving.


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Topics: Technology, Richard Gray, Harcourts South Africa

Pricing your home to sell

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

With fair market value a priority for today’s consumers, for homeowners wishing to sell or rent out their properties, it is critical that the home is pitched at an accurate, market-related price that will enable it to compete with other comparable properties for sale or rent in the area.


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Topics: Harcourts South Africa, buying and selling, Property Valuation, House prices

Technology and research data forcing real estate innovation

Nov 19, 2019 8:54:11 PM Share this:

Analysing property trends in South Africa based on recent barometers and research documents there are varied reasons and opinions explaining why certain markets are under pressure and others are thriving. For instance according to the FNB Affordable Housing Insight for the third quarter released in October affordable South African residential properties priced between R250,000 and R500,000 are experiencing a strong third quarter, with some properties sold at 5% above asking price. Whilst 95% of properties in the higher end of the market sell below-asking price, at approximately 10% discount.


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Topics: Technology, Richard Gray, Harcourts South Africa, Harcourts Real Estate

South African heads up global estate agency

Oct 14, 2019 5:15:07 PM Share this:

Global real estate franchise group, Harcourts International, has South African Steve Caradoc-Davies as new chief executive officer to lead the 132-year-old company into the next era.

On 1 October Caradoc-Davies took over leadership of the 900-office network and approximately 10,000 team members in nine countries, from Mike Green, who will take on a new focus within the business.


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Topics: Richard Gray, Harcourts South Africa, Mike Green, Harcourts Real Estate, Steve Caradoc-Davies

Harcourts International appoints South African to lead global real estate organisation

Oct 1, 2019 10:37:20 PM Share this:

Somerset West, Cape Town native Steve Caradoc-Davies to lead global real estate franchise group

Global real estate franchise group, Harcourts International, today announced the appointment of Steve Caradoc-Davies as Chief Executive Officer to lead the 132-year-old company into the next era. Mr Caradoc-Davies will take over leadership of the 900-office network and approximately 10,000 team members in nine countries, from Mike Green, who takes on a new focus within the business. Both changes are effective 1 October 2019.


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Topics: Richard Gray, Harcourts South Africa, Mike Green, Harcourts International, CEO, Steve Caradoc-Davies

Cape Winelands property market bounces back after drought

Sep 26, 2019 8:15:11 PM Share this:

As the dust begins to settle after the dire Western Cape drought and the dams are nearing full, we've similarly seen the property market in regions such as Paarl, Stellenbosch and Franschhoek gain ground. It was undoubtedly a tough period the past 18 months with many investors hesitant to invest in the Western Cape market due to water restrictions, tough economic landscape and the political issues surrounding land.


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Topics: Harcourts South Africa, Property Markets, buying and selling, Harcourts Real Estate, Harcourts Winelands

Is WhatsApp changing real estate?

Jul 31, 2019 9:32:11 PM Share this:

As new technologies and improved systems are perpetually introduced into our modern business environments, innovations in client communication is undoubtedly at the forefront of this rapid evolution. The real estate industry has experienced a flurry of new concepts and advancements in the past year especially with regards to agents having to incorporate real time communication tools into their daily practices.


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Topics: Technology, Richard Gray, Harcourts South Africa, Real Estate