Mon 3 Sep 2007
Slow down in properties market might force 30% of agencies to close
Posted by Louis Yagera under Real EstateAccording to the Red de Expertos Inmobiliarios (REI) 30 % of real estate agency in Spain could close their business in 2007 if they don’t adapt their marketing approach, The sector has to face a reduction in the numbers of properties to sales.
The numbers of transaction decrease and the time to sell a properties increase , it averages 120 days for the moment.
September should be a key month to observe the trend , let see what happens.
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