News Formal

Luxury homes flood the market

  • 📰 SundayTimesZA
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

South Africa News News

Wealthy South Africans are flooding the market with luxury properties that aren't selling, with property experts saying stock levels are the highest in 35 years.

While homes between R1m and R5m - with strong investment potential - are moving more quickly, homes with a price tag of more than R5m are taking on average a year to sell, agents say...

A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day, Financial Mail or Rand Daily Mail websites? Sign in with the same details.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market data — March 6 2020Market data including bonds, unit trusts and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE has biggest drop in a week as coronavirus wreaks havoc globallyThe rand ends the week flat after a turbulent five days in which it reached 2016 lows
Source: BDliveSA - 🏆 12. / 63 Read more »