Estate agencies throughout the country are feeling the impact of the lockdown, with a definite drop in sales volumes since the Covid-19 pandemic hit.
For Re/Max of Southern Africa, sales in the first three months were “going well”, with February alone yielding an 8% increase in reported sales compared to February last year, says chief executive Adrian Goslett.
“By far the biggest drop we saw was in April, which was down by 62% compared to April 2019. When looking at registered sales, the impact of the lockdown became even more apparent.
“In January, February and March, we saw a 27%, 4%, and 5% increase year-onyear, respectively, from last year. However, in April, registered sales dropped by 54%,” he says.
The lockdown would have a knock-on effect on the property market “long after the lockdown is lifted”. Goslett has implored the government to reconsider its classification of property services and allow them to re-open.
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