The South African Reserve Bank (SARB) has hiked the repo rate by 50 basis points to 4.75%. This is the fifth consecutive interest rate hike, and it is likely to have a significant impact on the South African property market. WATCH: Our CEO, Harry Nicolaides, chat to eNCA on the interest rate hike. For buyers,…
A Moderate Interest Rate Hike on the Cards
South Africa’s economic landscape is undergoing a significant transformation as economists predict a moderate interest rate hike following a drop in consumer inflation. This shift in monetary policy has implications for various stakeholders in the real estate market, including buyers, sellers, and renters. In this blog post, we will explore how this predicted interest rate…
CEO insight: 2023’s biggest real estate trends to watch
Category Market News Looking back, 2022 was an exciting year for real estate. Semigration, multi-generational living, remote working, downscaling, and the rise of young buyers made for a vibrant property market. What’s on the cards in 2023? Plenty! Harry Nicolaides, CEO at Century 21 South Africa, has looked into the crystal ball and offers his expert predictions…
Selling with Century 21 Auctions
In 2021, Approximately 5% of Real Estate Sales were transacted using online bidding platforms. Some experts expect this to grow to 25% in the next five years. Fast way to sell a Home. They operate on a set time frame, at a set price. The Time frame is set out in advance. The Marketing Period…
In Sales, Empathy Trumps Competency
Empathy; The Ability to understand the feelings of others. I have learnt, the hard way, that sales is more about being interested than interesting. In Practice it has meant using the ear to mouth ratio: 2 to 1. With practice, more listening and understanding strengthens empathy, and in sales, empathy is prioritizing my clients emotions….
A Ray of Sunshine in KZN!
Amidst the torrential rain, destruction and devastating loss of life, a ray of sunshine broke through the clouds. The human spirit once again was evident in KZN, communities came together to face one of the worst natural disasters in living memory. It all started on Monday, the skies grew grey, and the rain started to…
Rise up South Africa, Rise up to… Home!
Scientists believe, with caution that is, that the dreaded Covid-19 virus may now be moving from the epidemic phase to the endemic phase, much to the relief of humanity as a whole. Emotionally, two years of experiencing fear and uncertainty of what will become of us and our families, together with economic hardships resulting from…
The importance of training and upskilling your agents
Agent Development is vital to sustainable Real Estate business growth and success. Real Estate agencies go through hours of sorting, filleting and interviewing to recruit and employ Real Estate Agents, but often the effort stops there, with some Principals and Managers forgetting the importance of developing the agent’s skills and training them. Training and Education…
A life in Real Estate
by: ESTELLE VAN DER WESTHUIZEN A typical day in my life as a real estate agent, can change in seconds from an extremely busy day, to cancelled appointments the next moment. I believe that the ability to adapt to clients’ needs and schedule, gives me the cutting edge! I am generally awake at 6:00 in…
It’s Our Time, Right Here Right Now!
“Sure, the property sales industry is experiencing historical highs right now but, you need to be correctly positioned to experience the positive effects of it yourself”. The real estate sales industry and more specifically, property ownership, has forever been the target of financial and equity investment analysts who continually decry property ownership as, at best,…