Analysing current market trends during the lockdown and the effects of the COVID-19 pandemic on the real estate market there is no doubt we as the property industry have to approach our business practices in a way that is conducive to growth whilst still providing effective services to our clients during this time.
Topics: Richard Gray, Harcourts South Africa, Apple, Harcourts Real Estate, Online Marketing, COVID-19, Digital Solutions
The economy remains under pressure during this period and with the lockdown being implemented for a further two weeks certain aspects of the real estate market have certainly felt the knock-on effects. However, despite these difficulties, Stellenbosch real estate will always remain a high-value real estate investment region.
Topics: Richard Gray, Harcourts South Africa, Harcourts Winelands, COVID-19
Harcourts South Africa welcomes the surprise announcement by The South African Reserve Bank (Sarb) to cut the repo rate by a further 100 basis points, bringing it down to 4.25% and the Prime Lending Rate now stands at 7.75%. This is undoubtedly due to the effects on the economy by the COVID-19 pandemic in an attempt to alleviate some of the pressures South Africans face.
Topics: Richard Gray, Harcourts South Africa, repo rate, South African Markets, COVID-19
Despite economic uncertainty and many property pundits explaining how some regions in South Africa are flat and that there is an element of buyer hesitance, Harcourts Real Estate has managed to defy these trends and continues to show positive growth across the national market.
Topics: Richard Gray, Harcourts South Africa, Harcourts Real Estate, JP Pienaar, Dolphin Coast
South Africans can breathe a sigh of relief as Finance Minister Tito Mboweni announced during today's National Budget to support growth, National Treasury proposes not increasing value added tax, pay-as-you-earn or other personal income taxes.
Topics: Richard Gray, Harcourts South Africa, Budget speech, Tax Benefits
We at Harcourts South Africa, together with our international offices, have taken positive steps towards dealing with the COVID-19 virus and the challenges it currently presents to its franchise network, clients, the industry, and the community as a whole.
Topics: Richard Gray, Harcourts South Africa, Harcourts International, COVID-19
Analysing the real estate market on the Southern Peninsula of Cape Town during the last few years this unmistakably beautiful region of our coast has continually provided homeowners with a consistent return on investment as well as presented buyers with exciting long term value.
Topics: Richard Gray, Harcourts South Africa, real estate market
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.
Topics: Richard Gray, Harcourts South Africa, Economy, repo rate, Market Value
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.
Topics: Harcourts South Africa, Real Estate Agents, Harcourts Real Estate, EAAB
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.
Topics: Richard Gray, Harcourts South Africa, Retirement, Real Estate
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