Sellers in South Africa must be realistic with their asking prices as there are fewer buyers, a slower sales pace and lower prices on offer.
This is according to Samuel Seeff, chairman of the Seeff Property Group, who noted that the market has notably slowed the year, with some areas declining up to 30% to 40% in sales activity compared to the boom of 2021/22.
Higher-than-expected interest rates will also likely remain an obstacle to the market for the foreseeable future.
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Submitted 30 Oct 23 / Views 83
Brooklyn, Pretoria
Brooklyn is one of the old suburbs in Pretoria East. It is an affluent suburb, with its beautiful purple, Jacaranda lined streets. Offering quiet residential living in an established community.
Brooklyn is a prosperous suburb. It has a...
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