immoafrica blog

Auctioneering of property now the preferred method for many residential sellers. A major change in the residential property sector is taking place without many people being aware of it, says Andre Piguet and Ursula Otto, franchisees of the Rawson Properties Mossel Bay franchise – and their newly acquired Rawson Auctions Garden Route franchise. The change [...](more...)

Holiday Town Residential Markets Due to the non-essential nature of a holiday home, holiday home buying has taken more of a back seat to primary residential buying during the tough financial times of recent years. Now, in 2012, after a very significant real price decline in the FNB Holiday Towns Index, some return to price [...](more...)

In recent months property experts have been pointing out that coastal and holiday properties have been the hardest hit by the 2009/2011 downturn and are available at huge discounts – usually said to be between 30% and 50% lower than previous boom era sale prices. “In the circumstances,” says Bill Rawson, Chairman of the Rawson Property [...](more...)

The consumer protection act will place greater responsibility on estate agents. The 50 delegates who attended a recent Rawson Properties Western Cape Franchisee Conference were told by Elana Hopkins, an attorney with the Cape legal firm Dykes, van Heerden, Slabbert and Hopkins, that many members of the legal fraternity believe that the new Consumer Protection [...](more...)

According to the latest FNB survey, holiday home buying growth remains low. In the 2nd quarter of 2012, the FNB Holiday Towns Average House Price Index showed mild growth of 3.8% year-on-year, which, while still very low, may suggest that holiday property market prices are stabilizing in nominal terms after a lengthy period of decline [...](more...)

Knowledge Factory’s, SA Property Transfer Guide has kept its Property Clock unchanged this month at 21 minutes to the hour. The Clock measures high-level national trends in the residential real-estate market. It retreated by five minutes in 2011 and moved forward by one minute in March 2012.(more...)

Buy-to-let buying remains weak, with the FNB Estate Agent Survey pointing to only very slight improvement, and agents don’t appear to expect much to change in the near term. In an environment where the household sector is under significant financial pressure, basics are key, and primary residential demand is king. This is visible in ongoing [...](more...)

Engel & Volkers South Africa has jumped on board, listing their 8000 plus properties with us.  Founded in 1977 Engel & Volkers has a sterling reputation in the international property market and operates in 36 countries on 5 continents.(more...)