Edited by AC
On average, its taking longer, more than nine months in fact, to sell a property and only if the price drops by 15%. The findings by the Bank of Italy and Tecnoborsa are based on the first three months of 2014, which sees an increase of about one month more than in the same period last year. In 2013, the time between the acquisition of a property and selling, was 8.6 months (now 9.3). The report then shows how this is affected by the “price” factor, and how this is out of sync with demand and supply. Again in the first quarter of 2014, there has been a sign of growth in the number of people who have returned to buy a house and apply for a mortgage, so the market is obviously moving in the right direction, why then are there still difficulties in selling?. One factor lies in the price, this has to remain competitive and keep pace with the market. Persist in wanting to sell at a particular price outside of the market, means not selling at all. Another is the property’s visibility. In a growing market, in particular a global market as it is today, a property being clearly visible is important to reach a greater number of potential buyers.
We asked David Parish, International Property Consultant for the Marche region for the Great Estate & Chesterton real estate group, about what happens in the international market.
Is visibility important in the international market?
How does the Great Estate & Chesterton Real Estate Group ensure the visibility of a property?
You talked about sharing, does this mean that the seller has to bear some of the costs?
And this system works?
“Yes, because by doing so, we are able to bear the costs of an advertising campaign in most European countries not only from the UK and Germany, but also from Russia to China, and this, together with our professionalism, provide clients with a quality service. I don’t believe that there are many other agencies that can provide such a service!