13 Jul 2017
A number of tech-driven property classifieds companies are challenging traditional business models and agent commission structures in South Africa's property market. These include PropertyFox, Leadhome, JVP Properties, and HomeBid.
Typically, these start-ups cut out the estate agent by making it easy for buyers and sellers to connect directly, and so save sellers the commissions they would otherwise have paid to agents. (In South Africa, the seller pays the estate agent for selling his property.)