Financial pressure means properties on auction for up to 70% off


12 days ago

Photo by faiq daffa on Unsplash

Some properties on auction are going for discounts of up to 70%, according to Business Insider South Africa.

It's also been stated that buyers can expect an average markdown of 42%.

The Money Show's Bruce Whitfield chatted to property economist Francois Viruly to find out more about why this is happening and just how much of a buyers market it is right now.

RELATED | Fresh & Euphonik unite to provide advice if you're looking to invest in property

Listen to more from the conversation and download the podcast from Primedia Broadcasting's the Money Show...

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