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Homeowners under pressure to sell below asking prices - FNB

3 July 2019 4:44 PM
Tags:
home owners
financial woes
financial pressures
home sales
property sales
FNB Property Barometer

FNB property economist Siphamandla Mkhwanazi explains how the current economic climate affects sales.

The First National Bank (FNB) Property Barometer as revealed a rise in homeowners who are selling their properties due to financial pressures.

The report released on Tuesday shows an estimated one in five sales driven by this.

FNB property economist Siphamandla Mkhwanazi adds that above 95% of all sales at the moment are sold below the initial asking price.

At the moment it does point to a seller that is under relative pressure.

Siphamandla Mkhwanazi, Property economist - FNB

Activity in the market at the moment is quite subdued.

Siphamandla Mkhwanazi, Property economist - FNB

Click on the link below to hear more....


3 July 2019 4:44 PM
Tags:
home owners
financial woes
financial pressures
home sales
property sales
FNB Property Barometer

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