We are living in unpredictable times regarding the property market and are seeing the usual categories of saleable properties still attracting interest as well as unexpected demand and results for certain properties and sectors. There is also an observation of opportunities being missed, where sellers and buyers are not taking advantage of market valued offers or prime opportunities to purchase.

There appears to be a belief amongst purchasers that if one looks long enough, one may find a bargain. This may be true, however, so is the fact that the market should show a recovery in the times ahead and the over-cautious may find themselves facing an increase in demand and prices as well as missed opportunities. There has been on-going demand, unexpectedly, for properties that offered lower yields, in-particular for apartment blocks and entry level residential investments.

Despite the stricter measures on residential financing, that sector saw ongoing demand. Where sellers were willing to consider offers in-line with market valuations, we were able to conclude a number of high profile sales. In these unpredictable times we also achieved prices that exceeded seller’s expectations.

We are looking forward to 2012 and are more prepared than ever to face the challenges of meeting our client’s needs. Our advertising and marketing have shown excellent results over the last year and we look forward to further expansions into the IT arena. We would like to thank our associates and industry partners for your continued support and can assure you of our ongoing commitment in delivering a professional, ethical and results driven service in 2012.

Yours sincerely,
Jonathan Smiedt