A well-attended massive auction sale of property shows that the South African property market is thawing, Alliance Group auctioneers said on Wednesday.

Alliance Group recently unveiled an innovation to commercial property brokers across the country – the Commercial Broker Participation programme

Alliance Group recently held a highly successful commercial auction at the start of August. Leading up to their September commercial auction, they asked the question that was on everybody’s mind; whether markets are turning and if positive investor sentiment was on the rise?

Fresh leaves are beginning to form on the house market’s green shoots,with banks, rates, carry trade change mood says KwaZulu Natal agency chief Keith Wakefield.

Alliance Group, one of South Africa’s leading asset sales and services company, announces that they have formed a strategic partnership with Bidonthecity.com, the first online real estate trading platform for Manhattan residential and commercial real estate properties.

Combination of a decline in prices and drop in interesf rates sees keen bidding for commercial buildings.

Alliance Group has hosted its monthly auction at Cape Town’s One&Only resort, offering a plush location for properties warranting five-star treatment.

Alliance Group will be selling Oak Park in Oak Avenue, Ferndale this month — this property is a well-maintained five-storey office block which is multitenanted and has a low maintenance exterior.

There has been a large increase in queries regarding local property from expats living abroad which indicates that South Africa is seeing an increase in the number of expats returning home.

As the murmur of voices grew into an intense hum, the auctioneer’s voice cut through the assembled crowd, calling the bids as the auction rose in intensity.