THE number of overstretched property owners losing their homes under the hammer has risen to record levels.
The Alliance Group of auctioneers said yesterday forced home sales surged 75%. It had experienced a 300% increase in inquiries from sellers trying to offload their properties “as quickly as they can”.
Alliance Group CEO Rael Levitt said the company had experienced a 300% increase in enquiries this month compared with January last year.
According to Levitt, the worst is yet to come.
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