"In terms of market segments‚ the demand remains for a lower-end priced homes‚ even after higher-priced areas showed a noticeable improvement last year‚" FNB's household and property sector strategist John Loos said.
The survey is made up of a sample of estate agents predominantly in SA's major metropolitan regions.
"A noticeable feature of the lower-income segment over the past four quarters has been a steady rise in the percentage of sellers believed to be selling in order to upgrade to a better home‚" Loos said.
"When examining the FNB estate agents' survey by income segment‚ we continue to see the lower-income segment's sample of agents being more upbeat on activity than the segments further up the price ladder," he added.
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