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

Single women are now the biggest group of property buyers in South Africa – larger than couples and single men

Jul 22, 2019 8:00:00 AM Share this:
  • Almost 72,000 single women bought residential properties in South Africa last year, according to the research group Lightstone.

  • This makes them the largest single group of property buyers in South Africa - bigger than married couples or single men.

  • However, single women are still buying cheaper homes compared to the other groups.

  • Women now also represent 48% of new car sales, Lightstone reports.


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Topics: Real Estate Agents, South African Markets, Harcourts Real Estate, Property Statistics in South Africa

Will property prices go up after the election?

Apr 30, 2019 7:34:42 PM Share this:

While many may be apprehensive about venturing into South Africa’s property market, the prevailing ‘buyer’s market’ may be the perfect opportunity for you to stake your claim on your dream home. The difference between ‘buying the perfect home’ and ‘buying the perfect home at the perfect price’ may just come down to perfect timing.


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Topics: Harcourts South Africa, South African Markets, South African Elections 2019

Affordable property markets remain stable

Oct 16, 2018 11:18:56 PM Share this:

South Africans are certainly facing tough economic times and with petrol set to skyrocket by R1.01 a litre and diesel by R1.24 in October, no relief for the short term seems to be on the horizon. Real estate has felt the knock-on effects of many of these economic cycles and certain markets have been adversely affected, however one part of the sector seems to have shown far more stability, and that is affordable property.


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Topics: Richard Gray, Property Markets, South African Markets, Harcourts Real Estate

Adjust to new market realities of a recession and keep going says property experts

Sep 11, 2018 5:41:19 PM Share this:

South Africa has slipped once more into a technical recession and 2018 looks set to be the third year in a row for real house price decline, yet the property market is far from dead assures property experts. What is important is to adjust to the new market realities as they are here to stay for a while.


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Topics: Property Markets, Market Value, Harcourts Growth, South African Markets

South African consumers could be getting a break

Jul 17, 2018 8:39:58 PM Share this:

We welcome the announcement by President Cyril Ramaphosa that Government will in two weeks’ time announce a package of economic measures to cushion the public from the devastating effects of high fuel price hikes and the VAT increase.


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Topics: Richard Gray, Harcourts South Africa, President Ramaphosa, South African Markets, South African Consumers

Harcourts welcome President Ramaphosa's economic package announcement today

Jul 12, 2018 12:17:57 AM Share this:

We welcome the announcement by President Cyril Ramaphosa that Government will in two weeks’ time announce a package of economic measures to cushion the public from the devastating effects of high fuel price hikes and the VAT increase. Ramaphosa was addressing business and government leaders in Pretoria this morning ahead of the BRICS Summit this month. The President said a panel of various stakeholders from the economic cluster has been tasked with drafting the package.


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Topics: Richard Gray, Harcourts South Africa, Consumers Under Pressure, President Ramaphosa, South African Markets