Do you, like me, page through the Weekend Argus Property Sections and dream of buying those Chairman’s Choice super homes? Well if you do then you may have noticed that a strange thing has seemingly occurred.Â Strange in that South Africa’s property experts tell us property has fallen, at the very most 15%, yet no one seems to have explained this to the sellers. No there they are selling one and two acre prize Constantia properties for R4 – R5 million. Odd indeed when little over a year ago these babies were being pushed along at R8 – R12 million, were they not?
Seriously though, this segment of the market appears to be in free fall, with many sellers seemingly begging for any offer at all. This has to be, for the person lucky enough to be hunting in this price bracket, the opportunity of the century (albeit only 9 years old!).