I've just picked up the Sunday Times paper this morning and read a story that says 100 000 people are more than 2 months in arrears on their bonds. They are saying that the majority of these bonds are in the middle income classes owning properties between R1m and R2m.
That's a phenomenal figure and its grown sharply from 55 000 4 months back and 75 000 2 months back.
Looks like there might be some quality deals for patient property investors in the next year or so??
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2 comments:
There are loads of great deals out there right now. I am seeing 20-50% below market value properties every week.
It is definately interesting to hear you say that. Prices that home owners are getting seem to be dropping quickly which I think makes for some good opportunities
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