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Real Estate Briefing - Categorized | Market Moves, Middle East and Africa more

The South African property market depressed not dead

Posted on 24 August 2011

The South African property market or residential real estate market, not unlike that of the USA, UK, European and some Asian markets is depressed right now, but not dead according to Seeff Chairman, Samuel Seeff. “The market is moving slowly and prices are under pressure, but there is still activity,” he comments.
“Of great significance, is that our Johannesburg and Pretoria branches are starting to record positive sales growth of close to ten percent for this year versus last year.”………………………………………Full Article: Source


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