Property sales figures continue to climb

September has been the best sales month so far this year for RE/MAX of Southern Africa, according to the company’s CEO, Adrian Goslett.

He says that despite the public service strikes, the public holidays in September along with the numerous other events that have disrupted the sales process such as the deeds office strike, RE/MAX of Southern Africa has still managed to achieve an average increase of 15% on registrations in September, based on its average for the year.

From a sales perspective, RE/MAX of Southern Africa has seen a 41% increase year-on-year for the period January to September. In this period, sales in the Free State were up 51% compared to 2009, with Gauteng showing a 68% increase. The Garden Route sales figures saw a decline of 42%, which Goslett attributes to the fact that it is largely a luxury second home market which has been hardest hit by the economic downturn. KwaZulu-Natal however has achieved a 26% increase and sales in the Western Cape have grown by 21% compared to the same period in 2009.

It is interesting to note that the property power centre for the first nine months of the year was Gauteng, contributing a whopping 41% to the total sales figure for RE/MAX of Southern Africa in 2010. The Western Cape is ranked second, contributing 22% of the business, with KwaZulu-Natal at 20%.

In addition, RE/MAX of Southern Africa saw a significant net gain of agents last month, with a total of 425 new agents joining the group this year and a further 70 agents rejoining the brand in 2010.

“From these figures it is evident that the South African property market is once more in an upward cycle. The leisure property market however is still showing stunted growth, with the Garden Route only contributing to 1% of RE/MAX sales so far this year. However, leisure properties always tend to lag at least 18 months behind the trends of the general property market, and we expect to see a shift towards increased sales volumes and capital growth towards the end of next year,” says Goslett.

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