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Housing market activity returns to ‘normal’ – massive growth in transfers

After a full year of living under lockdown restrictions of varying levels, the property market seems to have reached an equilibrium. Looking at this quarter’s figures, it seems as though things might just be returning to usual,” says Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett.

Foreign interest in SA property market – Foreign interest in SA real estate

Last week Dr Andrew Golding, CEO of the Pam Golding Property Group, shared his views on the continued interest in the South African real estate industry by foreign buyers. This week we asked Richard Gray of Harcourts what his views ion this important issue is. “We believe that it is still a very attractive proposition in terms of the value received for the purchase price paid. With regards to the strength and exchange rate of the USD/EURO and other foreign currencies, the purchase price in real terms remains affordable compared to what can be acquired in some first world countries.

Buying of buying property through family trust

A family trust offers individuals an alternative to purchasing the property in their own name. This comes with its own set of pros and cons. While purchasing through a trust offers more security than purchasing through a bank, there are other tax implications that could cause this to be a less desirable option for some buyers.

Speakers Corner: Repo rate to hold, but one in five experts think the rate should change

Almost 97% of economists in South Africa expect the SARB to hold the repo rate, but one in five (22%) think the rate should change. A total of 16% are in favour of a rate cut and 5% in favour of an increase. The South African Reserve Bank(SARB) is expected to hold the current repo rate at the 20-22 July meeting, according to most local economists. Several experts, including the head of SA economic research at Standard Bank Elna Moolman, noted the rate will and should hold while the economy remains in recovery mode.

Rebosa AGM notice

The Annual General Meeting of Rebosa will be held on Wednesday, 28 July 2021 at 11h00.

Due to the Covid-19 pandemic and lockdown restrictions the AGM will be convened in a virtual teleconferencing format using a third-party software, Zoom.

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