Estate agents see demand rising‚ lower income segment fares best

Posted On Thursday, 08 August 2013 06:22 Published by Commercial Property News
Rate this item
(0 votes)

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

Most Popular

Pam Golding Properties Annual Residential Property Report 2019

Nov 08, 2019
SA Reserve Bank
Signs that the residential property market is beginning to stabilise.

Rebosis Property Fund retail portfolio delivers excellent operational performance despite a tough market

Nov 11, 2019
Sisa Ngebulana REBOSIS
Rebosis Property Fund, the JSE’s first listed black-managed REIT, today reported its…

Massive property auction on behalf of Telkom

Nov 11, 2019
Agricultural Land Beaufort West
GoIndustry DoveBid SA (GoIndustry) is hosting a massive property auction on behalf of…

SA REITs featured among the JSE’s most empowered companies

Nov 08, 2019
Estienne de Klerk SA REIT Chairman
In order of most empowered, the REITs are: Arrowhead Properties, Redefine Properties,…

South Africa’s first ever blockchain-based property register pilot

Nov 07, 2019
The pilot study area consists of almost 1 000 properties located in four sites in…

Please publish modules in offcanvas position.