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
Market & Opinion
African buyers underpin Gauteng's popularity with foreign investors
27 Jan 2023
For a number of years now, the Western Cape has been enjoying the limelight as the preferred destination for foreign property buyers but, although the Cape by far outshines seven of South Africa’s nine provinces, what might surprise some people is that it actually runs a rather distant second to Gauteng.
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Market & Opinion
3 steps to avoid buyer's remorse
25 Jan 2023
The excitement of becoming a home owner and the immense task of moving into your new home and settling in can sometimes overshadow home buyer's remorse - which does happen and is not spoken about enough in real estate.
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Market & Opinion
Neighbourhood Overview - George
23 Jan 2023
It could be the ideal setting, the dramatic views, or the quality lifestyle on offer here, all we know is that George is the top choice for buyers looking to semigrate out of the cities and to the Western Cape.
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Market & Opinion
Notable uptick in foreign buyer interest in Cape Town's luxury estate sector
20 Jan 2023
Cape Town’s Constantiaberg has always been a popular destination for foreign buyers who are attracted by the lifestyle, climate, and host of world-class amenities, but during the past two years, there has been a surge in enquiries, especially in the estate market.
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