News

8 Items

A Misconception That Estate Agents ‘Own’ Buyers

by alexo

“There’s a mistaken belief amongst residential property sellers that certain estate agencies possess a ‘database of ready buyers’ that differs significantly to that of their competitors,” says Matthew Alberts, Sales Manager of Alexo Property Brokers. “This belief is often perpetuated by specific agencies who make this claim as an integral part of their marketing efforts and, […]

Are SA Property Sellers and Buyers Out of Sync?

by alexo

The real culprits behind soaring house prices and weakening home buyer sentiment may well be a number of real estate agencies and industry representatives whose support of unrealistic pricing and assertive promotion of house price inflation is damaging seller confidence…

Renting becoming more attractive than buying

by alexo

Cape Town – Consumer Price Index rental figures continue to show the residential rental option is broadly becoming more attractive compared to the relatively expensive home buying option, John Loos, household and property sector strategist at FNB Home Loans, said on Tuesday.

House Prices Seem Set For Slower Growth – OOBA

by alexo

Cape Town – Ooba said on Tuesday that its property statistics for February indicate the emergence of slower year-on-year house price growth trends. The average purchase price is up by 4.3% to R1.05m, while the average purchase price of first-time buyers increased by 4.6% to R801 144. “At 4.3%, growth in property prices is currently […]

8 Tips to Steer Clear Of Rental Property Scams

by alexo

Searching the internet has become the norm for tenants looking for homes to rent, with classifieds websites recording huge traffic increases in this category over the past few years. Here are 8 tips to help avoid the pitfalls.

City of Joburg and Sapoa join forces

by alexo

Concerns surrounding the communication and relationship between the public and private sector are diminishing as both parties are becoming more actively involved with one another, engaging in meaningful dialogue and working together on improving business and infrastructure in South Africa.

Higher incomes needed for home loans

by alexo

According to the latest statistics from BetterBond Home Loans, home buyers in South Africa now need to earn a gross monthly income of around R30 000 to buy an average home costing some R952 000.