RE/MAX Ireland has announced that the number of their transactions in the property sector in Ireland has dramatically decreased over the last 12 months. The message from RE/MAX is that confidence needs to be put back into the economy, and calls on the country’s banks to help to do this by increasing liquidity in order for businesses to survive.
“Evidence of the huge decline in spending is clear across all industry sectors and is not just limited to the property market,” says Mark Campbell, regional director of RE/MAX Ireland. “Each of our offices is independently owned and operated. In order to improve efficiencies through these challenging times, some of our offices have merged with neighbouring RE/MAX franchisees resulting in improved services and economies of scale.”
RE/MAX is calling out to smaller independent property businesses in Ireland to consider the RE/MAX model as a viable option for them. “The majority of independent property businesses are struggling with overheads and we are asking them at this time to consider the RE/MAX alternative, added Mr Campbell. “This will give them an opportunity to operate on a lower cost base, access to support from our network of offices across the country and the security of the number one real estate company in the world.”
In conclusion MrCampbell commented, “The property sector in 2006 experienced what can only be described as an abnormal market; today we are experiencing the other end of that same scale. Now that we are almost at the end of what must be seen as the most challenging year in modern Irish real estate history, RE/MAX continues to maintain market share in what is now a very different market. Research into the market and leading industry experts, predict the market will pick up in 2009, but are expecting this to be at lower values and volumes than previously experienced. In spite of the research there are some excellent deals to be had right now, so keep looking.”
RE/MAX has offices across the 32 counties and is a leading estate agency in Ireland with 40 offices and 171 affiliates.
