An 18 room student residence, situated in the heart of Stellenbosch will go under the auctioneers gavel on 20 June 2013.
In2assets announces the release of 53 ha of extraordinary development land, earmarked for a Business Park, fronting the N3 Freeway on the outskirts of Pietermaritzburg
Whether Julius Malema lost the property or not remains irrelevant for the property world what matters is that who ever bought Julius's house must know they have over capitalised and may never recover the monies even if they finished and resold it again.
Aucor Property has today announced that its multiple commercial property auction in Johannesburg on Wednesday 17th April was as successful, with R75 million worth of stock being sold on the day.
With demand driving up the prices, Auction Exchange offers property developers and buyers the opportunity to snatch up a clear residential development gem at its next auction to be held on the 25th of April 2013.
Property auctions are on the increase due to the fact that the price of property achieved at auctions is a real-time and true barometer of current market values.
“Most auctioneers today,” says Tanya Jovanovski, franchisee for Rawson Auctions in the Western Cape, “find that it is not difficult to get stock, however getting a realistic reserve price can be a real challenge.
There is no denying that 2012 has been a very interesting year for the property sector. It has had its ups and downs, but the low interest environment sparked renewed interest in the commercial property market, particularly through auctions.
With the end of 2012 in sight and following the unprecedented success of the auction held earlier this month where sales totalled in excess of R115 million, the High St Auction Co. is gearing up for its last, but prominent multi-property auction of the year.

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