Increasing signs of residential affordability limits being reached in the “Sell-Side” of the Residential Market

The 2nd quarter FNB Estate Agent Survey pertaining to the “selling side” of the residential market shows a further noticeable decline in the percentage of sellers selling in order to upgrade homes, suggesting that, while financial stress is not on the rise, financial “limits” may be being reached for many. This is also apparent amongst a huge percentage of “oldies” downscaling to smaller properties, not necessarily in financial trouble but feeling the cost of running a “large” home.

Read more here – FNB Property Barometer_Estate_Agent_Survey_Reasons_for_Selling_2nd_Quarter_2015