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Luxury homes flood the market

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Wealthy South Africans are flooding the market with luxury properties that aren't selling, with property experts saying stock levels are the highest in 35 years.

While homes between R1m and R5m - with strong investment potential - are moving more quickly, homes with a price tag of more than R5m are taking on average a year to sell, agents say...

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Source: News Formal (newsformal.com)

 

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