South Africa has never lacked behind any country when it comes to political turmoil. This political situation has influenced everyone and almost everything in the country, so how has it and will it influence the real estate market.
Looking back to 1994, when the first democratic elections took place, the hype that was created on a social level ensured the emigration of thousands of South Africans. Due to this the Real Estate market became a complete buyers market, homes was sold next to nothing as sellers just wanted to get rid of their homes and emigrate.
To date emigration does play a factor in selling when political turmoil arises. Due to this factor investor confidence do take a battering as the political situation has a negative impact on economic growth. In recent history stats has shown that the number of sellers selling due to emigration has doubled. This is mostly…
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