More agents are cau­tiously op­ti­mistic about 2010

Weekend Argus (Saturday Edition) - - PROPERTY -

MORE vis­i­tors are at­tend­ing show houses than last year, says Jonny Novick, manag­ing di­rec­tor of Vered Es­tates, and he is “cau­tiously op­ti­mistic” about the prospects for South African res­i­den­tial prop­erty in 2010.

“We have been av­er­ag­ing more than 20 vis­i­tors a show house com­pared to 10 to 15 in 2009. At a re­cent show house, we recorded more than 50 vis­i­tors in a sin­gle af­ter­noon,” says Novick.

“Other pos­i­tive signs are that bank lend­ing cri­te­ria has eased a

Banks are still re­ject­ing applications for friv­o­lous rea­sons

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