The sharp slowdown in residential property sales volumes is leading to estate agents leaving the industry, and industry players expect things to get worse this year.
Steve van Wyk, the principal of Seeff Properties office in Centurion, said last week his office now had 42 agents, compared with 53 a year ago.
It's estimated the number of estate agents in South Africa could more than halve in number, going from 77 000 - 80 000 at it's peak to 36 000.
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