What is a buyer's market?

Author
MyProperty
South Africa's #1 independent property portal

A buyer's market is a situation in which supply exceeds demand, giving purchasers an advantage over sellers in price negotiations. In a real estate buyer's market, houses tend to sell for less and sit on the market for a longer period of time before receiving an offer.

Buyer Property News
These are the hotspots for young home buyers in Gauteng
Market & Opinion
These are the hotspots for young home buyers in Gauteng
31 May 2023
The millennial market in South Africa is very active, with Lightstone data showing that between 30% and 42% of all property purchases are millennials - and they prefer buying in urban areas.
read more
The richest streets and suburbs in South Africa 2023
Market & Opinion
The richest streets and suburbs in South Africa 2023
26 May 2023
New World Wealth recently published the Africa Wealth Report 2023, revealing that South Africa is still home to over twice as many high-net-worth individuals as any other African country.
read more
Property Watch - 3 Properties for sale in Pretoria
Featured Property
Property Watch - 3 Properties for sale in Pretoria
25 May 2023
Pretoria remains one of the most accessible South African cities for buyers across all price bands because it offers a wide selection of property types, including security complexes and estates. In addition, it boasts highly desirable leisure and lifestyle options, outstanding medical facilities, excellent schools, and first-class tertiary education, including the University of Pretoria, the University of South Africa, and the Tshwane University of Technology.
read more
Should I fix the interest rate on my bond?
Market & Opinion
Should I fix the interest rate on my bond?
22 May 2023
Homeowners and future home buyers often consider fixing the interest rates on their home loans - and with concerns about inflation and rising living costs, this has become a hot talking point once again.
read more
Find houses for sale
Click on a province and select a town to view available properties for sale
Real Estate Tools
Get pre-qualified
Make offers with confidence knowing what you can afford. Then shop for the best home loan
Bond Calculator
Calculate the estimated repayments on a home loan and savings with extra payments