Further signs of mounting Household Sector financial constraints on the Residential “Sell-Side”

The 1st quarter 2016 FNB Estate Agent Survey once again shows a decline in the percentage of sellers selling in order to upgrade homes. This points to mounting financial limits, and increased household caution. However, there is still no significant rise in financial stress-related home selling. The largest motive for selling remains the ageing segment of the Household Sector down scaling to smaller properties “due to life stage”. A key indicator of perceptions of “relative opportunity” for skilled labour between South Africa and other countries is the percentage of sellers selling in order to emigrate. This motive for selling remains moderate, but has been gradually ticking higher.

Read more here: FNB Property Barometer_Estate_Agent_Survey_Reasons_for_Selling_1st_Quarter_2016