In many countries, including South Africa, property is a pretty
lucrative industry, especially in developing areas. What most
people do is buy old or dilapidated houses in developing areas, fix
them up and resell them. The other alternative is to rent them out.
Property brokers earn large commission from home buyers and sellers
The most common source for real estate profit is the appreciation - the increase in the value - of the property in question. This is achieved in different ways for different types of real estate. And, most importantly, it is only realized through selling or refinancing.
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