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

Interest rate cut: The break SA consumers need

Jul 22, 2019 5:34:14 PM Share this:

Harcourts South Africa welcomes the announcement by the South African Reserve Bank that interest rates will be cut by 25 basis points. This is the first easing in policy in over a year and in a time when many South Africans are feeling the pressure this comes as welcomed relief. Especially considering that many economists are predicting another cut later in the year.


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Topics: Richard Gray, Harcourts South Africa, Interest Rates, South African Markets

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

President's SONA inspires but lacks detail

Jul 12, 2019 11:22:15 PM Share this:

President Ramaphosa delivered his State of the Nation address in Parliament yesterday and outlined seven priorities and five goals whilst acknowledging that due to financial constraints government would not be able to deliver “everything at one time”. In the real estate sector, the economy has played a major role in activity and commitment and we're excited that the President is prioritising economic growth and hope for strategic and continued implementation.


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Topics: Richard Gray, Harcourts South Africa, Real Estate, SONA Speech

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

Harcourts South Africa growth defies market decline

Apr 18, 2019 9:20:54 PM Share this:

Despite the industry experiencing a decline in year on year sales, March 2019 was Harcourts South Africa's best month since Harcourts started in South Africa in 2009. Boasting 10% growth on the same month last year. In addition, Harcourts South Africa's first quarter was up 11% on the same period in 2018.


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Topics: Richard Gray, Harcourts International, Real Estate Agents, Harcourts Growth, Harcourts Real Estate

Hermanus property market attracting a wide range of interest

Apr 11, 2019 8:00:03 PM Share this:

In the past few years, the Hermanus property landscape has certainly changed dramatically, losing the sleepy-town stigma and attracting quite a lot of interest from inland buyers and becoming a haven for semigrants. However, the local Western Cape buyers, many younger professionals that work from home, are showing a lot of interest in this region too.


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Topics: Richard Gray, Investing in Property, Harcourts Real Estate, Harcourts Hermanus

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

Response to mid-term budget: "It is time for action"

Jan 14, 2019 8:00:00 AM Share this:

During yesterday's mid-term budget speech by newly appointed Finance Minister, Tito Mboweni, key factors putting a lot of strain on our economy were addressed in a more aggressive stance. However, the time for talk is over, and we need to see the results of policies and implementation plans otherwise economic stagnation will continue to remain a major concern.


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Topics: Richard Gray, Finance, Financial Advice, Harcourts Real Estate