2016 and 2017 has been busy years for our Sectional Title team. We anticipate a challenging period, grappling with the prospect of Day Zero. A slow down in the property market, changing from a sellers’ market to a buyers’ market is already evident.
“The Water Crisis”, will dampen sentiment (no pun intended)
“Semigration”, the real driver of economic growth in the Western Cape, will probably show signs of reversal
“Affordability”, the biggest reason for the “downturn”. In the past six months, we have noticed some changes, a trend of multiple reductions in the asking price, until eventually a sale or the property is taken off the market.
As always, we would be more than happy to bring you up to date with an expert evaluation of the current market value of your property. Charlene (083 765 2116) or Lisa (082 844 0800) is ready to assist you with your decision. We look forward to traveling the journey with you, whether you decide to sell or stay.
Data is obtained from CMA info (updated from the Deeds Office) and Propstats (supplied by participating Estate Agencies).
This post is sponsored by Chas Everitt Cape Town South