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[LISTEN] The effect of emigration on property value in SA

The cost of large houses is also resulting in more people selling their houses to downgrade to smaller properties.

JOHANNESBURG - Property strategist at FNB, John Loos, says the FNB Estate Agents Survey shows that there's an increase in people selling their property in order to emigrate.

The survey, however, did not look at the reasons why these homeowners are selling their properties and why they are choosing to leave South Africa.

But Loos says he suspects they could be moving to get economic opportunities because of the weak rand.

The cost of large houses is also resulting in more people selling their houses to downgrade to smaller properties, says Loos.

_Listen to the audio for more information. _

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