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

Recent CX reveals that Harcourts South Africa is at the forefront of customer service

Aug 28, 2020 5:50:28 PM Share this:

Harcourts South Africa continues to raise the bar on customer service levels in the real estate industry. In a customer experience (CX) survey conducted recently, the majority of the responses rated our agents 10/10. 


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Topics: Richard Gray, Harcourts South Africa, Customer Feedback, Real Estate Agents, customer service, CX

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

Harcourts digital solutions transforming real estate during lockdown

Apr 30, 2020 9:42:29 PM Share this:

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.


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Topics: Richard Gray, Harcourts South Africa, Apple, Harcourts Real Estate, Online Marketing, COVID-19, Digital Solutions

Stellenbosch real estate will always be in demand

Apr 21, 2020 10:42:57 PM Share this:

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.


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Topics: Richard Gray, Harcourts South Africa, Harcourts Winelands, COVID-19, Lockdown 2020

Repo cut rate is a welcomed and necessary relief

Apr 14, 2020 9:18:40 PM Share this:

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.


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Topics: Richard Gray, Harcourts South Africa, repo rate, South African Markets, COVID-19