Over a hundred towns in South Africa are seeing an increase in property sales.
Despite high interest rates and a weak economy, several towns in South Africa are seeing far higher sales volumes than even pre-2019.
KwaZulu-Natal’s share fell from 12% to 11%, with eThekweni and Msunduzi the biggest losers, whilst Umngeni, KwaDukuza and south coast municipalities picked up in comparable activity. In all, there was a relative increase in sales activity in 170 towns across the country, with 77 in the Western Cape, 22 in KwaZulu-Natal and 20 in the Eastern Cape. Gauteng was last in the provincial table, with just 3 of towns showing a relative increase in activity.
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