Residential Property Pricing
Graphic: Courtesy of Google Images
According to a report by John Loos, Household and Property Sector Strategist at FNB, some 88% of sellers are now having to lower their prices in order to appease buyers and get their properties sold. While this figure seems incredibly high, it may be an idea to remember that it has become pretty standard for a buyer to negotiate a “better” price during a slower market.
The full article can be found at Private Property.