BBC - EASTERN CAPE PROPERTY

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SA Real Estate

Marshstrand, a small community  has suddenly had their real-estate prices drop by at least 50% according to according to a Johannesburg based agency; they have gone as far as warned their agents not to list any properties in these two locations as the 'Haga Haga Hotel' 


that served as the center of this small community offering visitors , builders and all professional and staff accommodation this they say will cause building cost to basically double having to commute from East London. Marshstrand has been hurt even worse as this takes another 20 minuted in a 4x4 vehicle otherwise you can drive for over an hour and still the only place for a meal or to meet family or even an estate agent has been demolished and a huge block of apartments that seem to have been built. If this development is passed or if demolished either way the heart of both tiny communities is no  longer. I am only guessing but I would assume PGP, Seef, ReMax, ETA etc will all slowly remove themselves from the area. The only advise that was offered is if you have a willing purchaser sell quickly as otherwise you will be lucky to get 50% of the agents realistic asking price. Courtesy: Property & Developments 24
7/360.21

#Marshstrand  #Property  #WildCoast  @TranskeiProperty @PGP @Seeff @Remax #PamGoldingProperties #PropertyZA @TravelZA

Comments

  1. Marshstrand, a small community has suddenly had their real-estate prices drop by at least 50% according to a Johannesburg based agency; going as far as refusing to accept mandates and or listings from sellers! In these two locations.

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  2. My sim card stolen blocked still individual able to post articles on my site. Please ignore! Have reported it! This is from the BBC but I do not know how or where it came from! Have secured account.

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