There has been a drop in the number of property sales in the country during the COVID-19 pandemic period and the prices of properties now are not as lucrative as it used to be in the past.
This has been confirmed by the Real Estate Agents Licensing Board Chairman Dr. Abdul Hassan who says that last month, there were 80 property sales compared to the normal 100 plus sales they do every month.
Hassan says last month in Suva alone only 8 property sales took place compared to 15 sales on a normal month.
He says they have received requests from 12 real estate agents who are saying that their business has dropped and it is not as active as it used to be in the past.
Hassan says after analysing the sales for this month, they have determined that in the months of January to April the overall reduction has been -4%.
He says the prices of properties have decreased.
