[LISTEN] Why we're choosing cheaper homes

Paul Roux de Kock says financial pressures mean more people are moving away from luxury homes.

Paul Roux de Kock, analytics director at Lightstone, says more people are moving away from luxury homes to smaller and less expensive home due to economic pressures.

De Kock says this is a very good sign that property developers now seemed to have steered in the direction of building homes that people want.

Listen to the interview above.

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