Estate agents see demand rising‚ lower income segment fares best

Posted On Thursday, 08 August 2013 06:22 Published by Commercial Property News
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There is a broad strengthening trend in agents’ perceptions of residential demand‚ according to an FNB estate agent survey.

John Loos

In terms of market segments‚ the story remains more a lower-end one‚ even after higher-priced areas showed noticeable improvement in 2012‚ FNB household and property sector strategist John Loos said.

The survey is made up of a sample of estate agents predominantly in SA’s major metro regions.

A noticeable feature of the lower-income segment over the past four quarters has been a steady rise in the percentage of sellers believed to be selling in order to upgrade to a better home‚ Loos said.

“When examining the FNB estate agent survey by income segment‚ we continue to see the lower-income segment’s sample of agents being more upbeat on activity than the segments further up the income or price ladder.”

Last modified on Friday, 14 March 2014 08:59
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