The current state of the economy brought about by many factors including the Covid 19 Pandemic and the recent downgrade to junk status is having an unparalleled effect on the real estate industry in South Africa.
GoIndustry DoveBid SA (GoIndustry) is hosting another massive property auction on behalf of their long-standing client, Telkom.
Reliance auctions will stage a prime retail and investment auction at the Hilton Hotel in Sandton on the 20th March 2018 at noon
High Street Auctions announced that its next multi-property auction will be held on Thursday 25 July, at 12pm, at Summer Place in Hyde Park. 14 properties will be showcased and pre-registration has opened.
High Street Auction's multi-auction event held on Wednesday 19 June at Summer Place, Hyde Park, achieved outstanding and competitive bidding of over R 140 million for 14 properties.
Aucor multiproperty auction is notable for the brisk bidding for five fuel stations and sites and the strong presence of women bidders who robustly contested the fuel stations on offer.
After a lackluster performance in the past four years, the South African property market is now gaining momentum.
On 20 June, five commercial properties belonging to a listed property fund will be taken to auction following a portfolio adjustment.
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