While the prevailing economic conditions in South Africa have pushed some buyers out of the market in 2023, the buyer’s pool is still active, and there are several things prospective sellers can do to conclude a mutually beneficial sale.
According to the CEO of Jawitz Properties, Herschel Jawitz, property prices in 2023 are expected to increase by only 2,75% to 3,5%, which means that in real terms, after inflation, property prices are declining by a similar amount. “Some sellers may be in a position where they don’t need to sell right now and, therefore, have the time to find the right price for them,” he said.
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