Recent decreases in interest rates have boosted SA's burgeoning auction industry.
Magnificent industrial property going on auction.
Property loan stock group Pangbourne Properties reported improved earnings yesterday for the year to June what after was described as a challenging year for the company.
The Cape commercial property market is starting to follow the residential property market by using the auction mechanism as a first choice method of sale, says Auction Alliance CEO Rael Levitt.
DISPOSAL of noncore property assets has helped focused industrial property fund Metboard reduce its vacancies by about 50% in the past few months.
Auction sales of commercial and industrial property in Cape Town seem to be following international property trends as a preferred method of sale, says Auction Alliance chief executive Rael Levitt.
SA investors do not have the option of putting money into instruments derived from underlying assets in the market.
Property economist Erwin Rode is criticising listed property fund managers for devoting too much energy to pursuing limited shopping centre developments while there are ample opportunities in the office and industrial property sectors.
Auction sales of commercial and industrial property in Gauteng are following international trends, according to Auction Alliance Chief Executive Rael Levitt.

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