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A sellers' versus buyers' market

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A sellers' versus buyers' market

Category Burning question

Answer: Oni Mdumela, Partner Principal of Property to Link, explains:

Sellers determine property prices when it is a sellers' market.

This usually happens when the interest rate drops and more people (buyers) enter the property market.

Buyers determine property prices when it is a buyers' market.

This usually happens when the interest rate increases (goes up) and there are lots of properties in the market.

Author Machelene Joubert
Published 15 May 2023 / Views -
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