News - ALL

Rental market gains momentum as financial pressure property sales increase

Jul 19, 2019 7:02:10 PM Share this:

According to the latest FNB Property Barometer Survey data shows that “Downscaling because of life stage” dominates as the most prominent reason for selling a property in SA, with such sales accounting for 23% of all sales in 2Q19, the same as in 1Q19.  However, what is most concerning is that “Downscaling due to financial pressure” has become increasingly prominent in the past year; the estimated proportion of such sales jumped to 19% in 2Q19 from 16% in 1Q19.


Read more

Topics: Richard Gray, buying and selling, Financial Advice, Harcourts Real Estate