DURBAN - With just over a week to go before it is finally voting day in Elections 2019, Samuel Seeff, chairman of the Seeff Property Group said that the elections simply cannot come quick enough.
It is time to get it done and dusted as quickly and efficiently as possible so that we can get back to the business of building the economy and property market.
Seeff said that most of the year has been characterised by "buyer analysis-paralysis" with buyers hesitating, sitting on the side-lines and waiting to see how the elections unfold. This has been especially the case among those with discretionary money who do not have to buy or invest right now.
And so, what we have seen in the market this year, is lacklustre demand and weak price growth. It has been a period of frustration for property owners looking to sell and move on, but simply cannot because there just isn’t the level of demand that we should have seen in the market this year, he adds.
In a sense, the "political impasse", has left people with a level of uncertainty and the best course of action, is to get the election out of the way as quickly as possible. An essential element of economic and property market growth is stability and confidence, and the country is certainly poised for a return of confidence and economic revival, he says.