A survey by the Seeff property agency has revealed that Pretoria and Randburg are the fastest selling suburbs in Gauteng.
The FNB Property Barometer also showed that homes in Gauteng spend an average of 12 weeks on the market before being sold.
Property Strategist at FNB, John Loose says the barometer shows that property in Gauteng is the most balanced in terms of demand and supply in the when compared to other major metros.
Overall it is probably the most realistically priced in the country and as a result affordable for first time buyers.— John Loose, Property Strategist at FNB
To hear more of this interview, listen below:
This article first appeared on CapeTalk : Pretoria and Randburg property selling like hot cakes