Often, when driving through derelict areas, one notices some beautiful, large, and well-maintained homes that are clearly loved by their proud owners. But it does lead one to question why they would stay when the suburb around them is falling apart.
The answers vary, says Romona Reddy, candidate property practitioner at Jawitz Properties Eshowe, KwaZulu-Natal.
“Some of them see value in their properties, while others are unable to afford to move to a particular area due to property prices being higher.”
There are also cases where properties are inherited and the beneficiaries are not allowed to sell them, and cases where homeowners want to sell but are unable to as