If you have listed property for sale in Knysna and noticed a slow down in the market, then you are not alone.

All across the country, the tough financial situation has taken its toll and the property market is one area where this has been felt. However, to get a better understanding of what the outlook in the market is, one can look at the Atlantic Seaboard as an example.

This area enjoyed a four-year high of unprecedented growth, and has one of the strongest property markets in the country, it suddenly suffered a drop in sales and growth prices during 2017.

This year, there was a positive start with some investor interest, but since then the market has been slightly subdued.

Experts point to the fact that the property market works in cycles, and right now there is a price correction phase in the Atlantic Seaboard which should once again bring about positive momentum.

Explaining this, Lew Geffen Sotheby's International Realty CEO, Brendan Miller, said, "Although there have certainly been extenuating influential factors like the water crisis and political instability and the land expropriation issue certainly hasn’t stimulated the market, we mustn’t forget that the property industry always works in cycles. There are upswings and there are price correction phases and right now we are in the latter – it was inevitable, after such a growth period."

Miller remains optimistic that the fourth quarter will bring about some growth. The same process has been applied in the rental market, where numerous landlords were sitting with vacant properties for the first time in around a decade. With pricing being such a vital factor in the current climate, expect other markets around the country to follow this example.