Correctly Priced Property Should Sell Within 30-60 Days

By Seeff Eswatini

Correct pricing is undisputedly the most important consideration for investors and sellers alike in any price bracket in the Kingdom of Eswatini.

When priced correctly, any property should sell within 30 to 60 days of going to market. Sellers should listen to the market – if your property has been on the market for 60 days, and has received adequate exposure to the market, and is receiving no interest, you may wish to re-assess pricing or decide if you really want to sell. The market is competitive and buyers have options.

By the same token, we occasionally come across sellers who undervalue their properties by not recognizing their true potential and marketability.

Eswatini’s property market is delicate, and it is advisable to utilize a highly trained specialist to correctly assist and advise as to the market value of your property or company before you sell it for less than what it’s worth.

In comparison to South Africa, an average residential property in Eswatini is generally priced significantly higher even when compared to exclusive suburbs in Johannesburg.

This has been mainly due to the absence of a competitive sectional title market that can offer an alternative, and it will be interesting to see what transpires going forward as sectional title is now operational. We foresee this having a greater impact on properties at the lower end of the market.

Excellent growth in property prices is particularly evident in and along the Mbabane – Manzini corridor, and most notably in Ezulwini. Limited supply and relatively high demand continue to sustain and drive top-end pricing.

Opportunities for residential developments are primarily in and around the country’s major towns. We foresee Eswatini following trends set in South Africa regarding gated community estate-style living, particularly with the introduction of sectional title.

The Nkonyeni Golf Estate in Sidvokodvo, The village in Ezulwini, Malkerns Square, and Dombeya wildlife estate are examples of the types of developments we can expect to see more of going forward, and the market seems to be responding well to this gated lifestyle concept of living.

Please note this article first appeared in Eswatini Property Review, our sister publication, and is used with permission.

Share With Friends