A look at the Cape Town property market.
Lovely article on IOL"In the higher price categories, a fairly large number of the sellers still have not adjusted to the new market conditions and insist on holding out for prices that were last obtained two years ago."Generally, these are 20 percent or more above today's market levels. We do get offers for these properties, but they can be as much as 30 percent to 40 percent below the list price," he says."http://www.iolproperty.co.za/roller/news/entry/property_sellers_pay_the_price
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