RE/MAX of Southern Africa continues forward

The first quarter of 2012 has continued to show an increase in activity in the property market, with RE/MAX of Southern Africa reporting a growth in their overall sales when compared with the same period during 2011.

Adrian Goslett, CEO of RE/MAX of Southern Africa, says that so far 2012 has proven to be a much better year in terms of property sales volumes and values throughout South Africa. He says that when compared with sales during the period of January to April 2011, all regions across the country have shown an overall increase of 11% in house sales.

Goslett says that buyers have become more confident in the market and this has reflected positively in the property sector with website activity and online property queries having increased by 18%.  Low steady interest rates coupled with more affordable pricing have attracted buyers resulting in the market yielding some goods results in the first quarter of 2012. “More buyers have been able to enter the market due to property pricing. The low interest rates have also contributed to consumers reducing their debt and many more buyers are now able to show the necessary affordability required by financial institutions to gain access to finance. The outlook for the interest rate during 2012 is once again stable which will continue to assist buyers and the market moving forward,” says Goslett.

Aside from the positive sales figures, RE/MAX of Southern Africa has also grown in office and agent numbers too, with the number of agents working under the RE/MAX banner growing by 7% on the figure in 2011. Looking forward to what the rest of 2012 holds, Goslett anticipates that interest rates will remain stable and demand for property will continue on its upward trend, with more consumer confidence growing in the market. “With many of the access market stock having been sold and some regions starting to report a lack of supply, we may see the market turn quicker than expected. Buyers should take advantage of the current property prices while they can,” Goslett concludes.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 19 Jan 2018
      Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
    • 18 Jan 2018
      New year, new goals! If you’ve resolved to purchase your first property in 2018, then this 6-step guide from the Rawson Property Group is a must-read. It will help you navigate and simplify what is often be seen as a confusing process of buying your first home – right from the house-hunt to the house-warming.
    • 17 Jan 2018
      While the current property market may still favour buyers, it doesn’t mean that they shouldn’t be well prepared before putting in an offer to purchase.
    • 17 Jan 2018
      Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
    • 17 Jan 2018
      As it currently stands, there are four main ways in which a home can be bought in South Africa, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who adds that deciding in which legal entity to purchase the property is not a decision that should be entered into lightly, as each has its pros and cons.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us