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The CEO of the Estate Agency Affairs Board (EAAB) says the regulator did an excellent job with the 2020 FFCs and has refuted any claims that she failed to deliver on her promise to issue FFCs by 20 December 2019 to all legally compliant estate agents who paid their fees on time – fact is, hundreds of agents are still without certificates.

It’s a renter’s market in 2020

Last year saw the rental rate trade sideways at below 4% with more of the same predicted for most of 2020.

“We’ve entered the new year with the continued threat of power cuts and an unstable economy that is unlikely to attract foreign investment in the short term,” says PayProp’s head of data and analytics, Johette Smuts.

     

Speakers Corner

Not only can’t estate agents trade legally without a new FFC, but the lack of a response to their emails and calls to the EAAB exacerbates their frustration. Many agents commented on ‘EAAB disappoints’ that they’ve paid their fees months ago but are still waiting for a response as well as their FFC.

     
     

What can agents expect after the 2020 rate cut

The lower interest rate has been welcomed by estate agencies, but will it be enough to restore buyer confidence in 2020? Property experts weigh in on what the real estate industry can expect in the residential property market.

     

Baby Boomers are bigger consumers than millennials

For almost two decades, marketers – and industries – have been focusing on millennials and their needs but the fastest growing economic influencer is, in fact, the 60-plus age group. It’s forecast that by 2050 their numbers will have swelled by an additional billion globally, which means they will account for one in five of the population and in the US they already spend more than millennials.

     

      

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