South africa property market 'to improve in 2012'

The property market in South Africa could be set for positive growth this year, an expert has said.

Speaking to property24, managing director of Anne Porter Knight Frank Lanice Steward said she had already seen increased interest in South African real estate from those attending events at show houses compared with 2011.

"The attendances at show houses are three or four times higher than the first half of last year," she remarked, adding that agreed sale prices are now matching up more with list prices, another indicator that the market is beginning to get back on an even keel.

Source: PropertyShowrooms.com