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

Real Estate, a major industry offering constant working opportunities

Sep 25, 2020 7:31:03 PM Share this:

Real estate is a major industry and an everlasting commodity, offering vast sales opportunities. While change is a constant occurrence in the property market, and 2020 has brought its fair share, the industry itself will always remain relevant. For people considering a career in real estate, the future of the realm as a whole provides real promise. The sector continues to guarantee a ‘hereafter’, despite challenges due to the pandemic.


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Topics: Careers, Richard Gray, Harcourts South Africa, harcourts careers, Real Estate Agents

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