SA’s stagnant economy takes a bite out of luxury property market
Emigration sales are up 13.4% to hit a 10-year high
06 November 2019 - 20:39
Pam Golding Properties, one of SA’s largest estate agencies, says a low-growth economy and increased emigration has left home selling in a lull.
The luxury home market sales volumes and prices have taken a hit, and the highest price fetched for a property in the past year was R50m — down from R100m in 2017, the agency says. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.