Demand outweighs supply when it comes to real estate in the Eastern Cape region and investors are queuing up to lay their hands on prime riverfront and seaside homes.
Pam Golding Commercial, a member of the Pam Golding Property group, has launched an auction division - Pam Golding Commercial Auctions - to cater for this highly effective and increasingly popular means of selling commercial investment property in a short period of time and at a market related price.
A battle of words is raging between estate agents and auctioneers aboutthe relative merits of auctioning property versus conventional sales methods.
Some of South Africa's major cities are undergoing a quiet revolution as the trend towards inner city rejuvenation begins to gather pace - facilitating a surge of growth and increased confidence and investment.
The recently announced interest rate reduction - coupled with the fact that several further decreases are anticipated in the near future - should increase business confidence and provide some relief for the business sector in general, says Peter Golding, chief executive of Golding Commercial Properties - a member of the Pam Golding Property group.
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