June sales buck the prop­erty trend

Weekend Argus (Saturday Edition) - - PROPERTY -

DE­SPITE the colder months tra­di­tion­ally be­ing a slower pe­riod in the prop­erty mar­ket, RE/MAX of South­ern Africa posted more than R1.5 bil­lion worth of sales – the sec­ond high­est turnover in the his­tory of the com­pany.

June was also the third high­est month of reg­is­tered sales in the com­pany’s his­tory, with just un­der R1.4bn reg­is­tered, says Adrian Goslett, chief ex­ec­u­tive of RE/MAX of South­ern Africa.

“Since 2004, sales have usu­ally de­clined dur­ing win­ter, but this year sales in­creased and bucked the trend. Al­though the South African prop­erty mar­ket hasn’t re­cov­ered or re­turned to any­where close to the lev­els of a few years ago, our fig­ures have def­i­nitely im­proved and sales are con­tin­u­ally in­creas­ing,” he says.

“RE/MAX has fewer es­tate agents than be­fore but we are do­ing more busi­ness. The agents have weath­ered the tough eco­nomic times, to be more re­silient and bet­ter equipped to han­dle cur­rent mar­ket con­di­tions.”

Goslett says that al­though Gaut­eng had the high­est per­cent­age of sales in the coun­try, other re­gions also per­formed re­mark­ably well. The branches in KwaZulu- Na­tal and the Western Cape sold more than R100 mil­lion each in June.

“Data from the Deeds Of­fice shows that dur­ing the first five months of 2013, the to­tal num­ber of prop­erty trans­ac­tions de­creased by around 0.52 per­cent com­pared to the same pe­riod last year,” says Goslett.

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