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?RES location must reflect high standards?
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?RES location must reflect high standards?
● <B>Can you describe your role as Broker/Owner?s of RE/MAX Properties ?</B>
Last December, RE/MAX International Property Group was voted the number one Real Estate franchise in the world by the American-based Entrepreneur Magazine in an independent survey that was conducted by them. And it is the eighth time in 9 years that RE/MAX has been voted number 1.
As Broker/Owner?s of RE/MAX Properties in Mauritius, our role is to create brand awareness for Mauritius through our vast network present in 65 countries with more than 120 000 agents.
As such, we are bringing Mauritius to the world.
● <B>What are your priorities for 2008 and what are the customers that you target ?</B>
Our main priority is to continue with the Mauritius branding and to publish the second revised edition of our booklet ?Live in Mauritius? which outlines the different ways and means of living and investing on the island.
With the introduction of the Real Estate Scheme (RES), RE/MAX is well positioned for bigger market share as it is dealing on a broad spectrum of clientele needs.
● <B>In this respect, where do you derive your core clients?</B>
South Africans make up the core of the clients referred to us by RE/MAX South Africa. We have also many requests from Europe, Canada, and more recently the United States and Dubai.
With regard to the relocation of International Corporate Companies, we work in collaboration with Jones Lang La Salle, one of the world?s leading Real Estate services, and money management firms, having in their portfolio a broad range of International Clients.
● <B>We speak a lot of Foreign Direct Investment. Do you judge the response of foreign clients to development projects en-couraging?</B>
We feel that the response of FDI with regard to development projects is very encouraging for the country.
In our opinion, you have on one part ?blue chip? investors who have the financial capacity and the know-how for major large scale projects; and then, the ?one man? developer, who invests in small to medium scale projects such as Boutique Hotels or Commercial ventures.
● <B>In that regard what needs to be done to attract more Investment?</B>
To encourage more FDI, the procedures need to be speeded up after having been given the necessary approvals from the Board of Investment.
?To encourage more FDI, the procedures need to be speeded up after having been given the necessary approvals from the Board of Investment.?
● <B> The IRS scheme has been modified last year. The minimum for IRS has been fixed to 10 hectares. The Real Estate Scheme (RES) now makes room for projects for small owners, up to a global size of 10 hectares. Do those changes represent real opportunity?</B>
The two developments are clearly distinguished. The IRS scheme targets the High Net Worth Individual and in view of the large size of each project and the time it takes from conception to completion is an extremely lengthy one. It is very regulated and costly in terms of investment and infrastructure. For example, you need to develop hundreds of villas, with costly bank guarantees for each unit built?
On the other hand, the RES is a development on a smaller scale, which allows for more flexibility, fewer constraints, faster delivery and greater market share.
?Marketing companies who have been exclusively engaged by the IRS developers to sell the villas are now utilizing the Real Estate network to meet their targets.?
● <B>Do you work with IRS Projects?</B>
We have been approached by various marketing companies who have been exclusively engaged by the IRS developers to sell the villas. They are now utilizing the Real Estate network to meet their targets.
As we are not working exclusively with a specific IRS Developer, we can provide a larger selection of properties to our Clients without having any conflict of interest.
● <B>With RES Projects?</B>
We have been approached by RES developers to market a number of RES Projects which we are considering.
Before these projects are marketed it is essential that the location, environment, and infrastructure is of high standard and that the Developer has the professional and financial backing.
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Distinction
Re/Max rewarded by ?Entrepreneur magazine?</B>
No. 1 real estate franchise in the world - and the No. 10 franchise overall: this is the ranking given to RE/MAX by magazine's 29th Annual Franchise 500 survey. The survey is published in this month and will appear in the last issue and on the magazine's Web site.
RE/MAX has a long and successful history in the survey. It ranked No. 11 overall a year ago, No. 8 in 2006, No. 10 in 2005 and No. 19 in 2004.
Jeanne van Jaarsveldt, Marketing and Finance Director of RE/MAX of Southern Africa, says: ?The Franchise Survey has a lot of clout around the world and is generally regarded as an authoritative guide to the world?s top franchise brands.?
To further boost the successes of RE/MAX in the International survey, the company also ranked No. 1 overall in the Low-Cost Franchises category. It finished No. 2 last year.
In addition, it tops all real estate competitors at No. 7 on the Global Franchises list and No. 10 among Fastest Growing Franchises, across all global franchise brands in all categories.
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