If you plan to sell your home, catch the traditional May upswing, says APKF MD

With public holidays on the 10th, 12th and 27th April and on 1st May (supplemented by the election on 22nd April) retailers throughout SA took a knock in their April turnover, this reportedly being 7% down on “normal” months.

The real estate sector also suffers each year from these April public holiday breaks, says Lanice Steward, MD of Anne Porter Knight Frank.

“Year after year we find that April induces a holiday mindset in property seekers – they sit back and wait for May to arrive before they start looking seriously again.”

The upside to this, adds Steward, is that if you intend to sell your property, listing it in early May is a very good idea.

“May always shows an upturn on April: in the established agencies the impact of winter is not that serious.”

Steward has on several occasions recently joined other frontline spokespeople in the real estate sector in saying that now is a logical time to buy because the bottoming out of the market is becoming a reality and will, she believes, be followed by a slow but steady upturn in trading.

Article by: www.anneporter.co.za