Feed on
Posts
Comments

Monthly Archive for June, 2008

Bank Forced Auction….Simon’s Town


Another blogger had this to say about the banked forced auction in Simon’s Town: If the first auction in March didn’t meet the reserve price, then I’m sure auctioning it again in June when the market has deteriorated further will do the trick. This is a sarcastic comment but I am sure you get the [...]

Read Full Post »

Drop Prices By 25% The Market Is Dead


According to a memo sent out by Lew Geffen (the head of Sotheby’s Realty). For your info the following quote: There are 60% less buyers in the market than recorded at the same time last year. Attendances at showhouses are generally poor (Echoes of Sharpeville) and only when the Agent has convinced the seller to [...]

Read Full Post »


We are all aware of the workings of a Ferris wheel up and down in a big full circle. That’s what is happening in our property market and has been happening for decades. Up and down in a big full circle. The bad news is that our little property cart is not at the bottom [...]

Read Full Post »