Clive Ashpol, a board spokesman, says that the secondary market in the old disadvantaged areas means there is scope to increase fourfold the number of existing estate agents. The industry has been looking at these markets for some time, what with the property charter expected to be in place next year.
The Pam Golding Group is already operating in Khayelitsha, Cape Town, and is looking at having 10 black owned and managed offices countrywide by the end of the year. The market is potentially massive since many first time buyers today will be buying more expensive houses in a few years time as their circumstances improve. RE/MAX southern Africa CEO Bruce Swain emphasises the need for training programmes to ensure agents are suitably qualified.
Full article in BusinessDay