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Monday Sep 10, 2018

How to stay afloat in current turbulent times

For buyers and sellers transacting over the next few months, the advice from property experts is simple: This is a buyer's market, so if you don't have to sell, don't, says Herschel Jawitz, chief executive of Jawitz Properties.

Buyers must budget correctly for their bond repayments and factor in a 1% or 2% increase in their interest rate charges, advises Harry Nicolaides, chief executive of Century 21.

Sellers need to be realistic. If you are taking a hit on your current sale, there is opportunity in the onward purchase. Everything is relative, says Richard Hardie, chief executive of Knight Frank South Africa.

Understand your needs and gauge them against the market activity in your desired areas is the advice from Richard Gray, Harcourts Africa chief executive.

Read more on Property360...

Bonnie Fourie




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