Anecdotal evidence suggests that South Africans who are trying to offload their properties — especially those who live in higher-income areas where average prices exceed R4m — are typically waiting at least six to 12 months to find a buyer.

More worrying is that even if you get an offer it is likely to be markedly below asking price. Sellers who bought a property after 2014/2015, when house price inflation peaked, are even likely to get less than the outstanding balance on their home loan — the dreaded negative equity scenario (depending of course on how large their cash deposit was).

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