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Kyalami race track auction signals Investors’ appetite for prime property

Midrand’s Kyalami race track auction deal in which Porsche SA made the highest bid of R205m, is evident that the property market is moving again with deals being concluded particularly at auction events raising investor confidence. ... Full story

Kyalami race track fetches R205-million on Auction

The liquidated Kyalami race track, which has hosted formula one drivers such as Michael Schumacher and Ayrton Senna, today fetched a whopping R205 million from Porsche SA in an auction held at Summer Place in Johannesburg. ... Full story

Investment Properties up for grabs at Auction Exchange’s July Auction Event

Auction Exchange, a premier auctioneering partner and member of the multi-billion rand Bothongo Group, will be hosting a Multiple Property Auction on 3 July 2014 at the Emoyeni Conference Centre in Parktown and will begin at 12h00 on the day. ... Full story

Aucor Property basks in strategic big sales

The Aucor Property group is basking in strategic sales following big sales involving the Douglasdale Village Shopping Centre in Johannesburg and the Siyabuswa Shopping Centre in Mpumalanga that fetched R87,775 and R34.5-millions, respectively in the first quarter of 2014. ... Full story

Why Auction Real Estate?

Real estate property, whether residential, commercial or industrial, can be sold through auction and save you money. ... Full story

Auction Alliance caution still lingers

The total value of auction property sales concluded under the hammer is down 75% in the past 18 months. ... Full story

Low Rates Driving Property Values

Property values have not fully recovered the ground that was lost during the last four year downturn, but the South African property market is now gaining momentum. ... Full story

Julius Malema’s farm fetches R2.5-million on Auction

The 140-hectare cabbage and tomato farm belonging to former ANC Youth League president Julius Malema, was sold for R2.5 million at the auction on Monday, although it is actually worth about R4 million. ... Full story

Aucor property hits a homerun with a R75 million result

Last week friday Aucor Property confimed that it had received bids worth R75 million worth of stock being sold on the day during their multiple commercial property auction held in Johannesburg on Wednesday 17th April. ... Full story

Auction Avenue achieves R34 million for Greek Island

The 17ha Greek Island in the archipelago between Greece and Italy was snapped up by a South African private Investor for R34 million, revealing investor appetite for auctions. ... Full story

Aucor Property achieves R57 million for Cape Property Portfolio

A large portion of a national property portfolio went under the hammer last week in a highly successful auction where 5 properties situated in CBDs across the Western, Southern and Eastern Cape were sold and confirmed on the floor. ... Full story

Auction Avenue hosts successful Auction event

Despite last year's media coverage and negative sentiment surrounding the auction industry, Auction Avenue, held their inaugural Sandton Auction at the trendy Maslow Hotel, last week Wednesday. ... Full story

2012 signals Investors’ growing appetite for Property Auctions

Positive results achieved during the course of the year 2012 is evident that the market is moving again with deals being concluded particularly at auction events raising investor confidence and a renewed appetite for property auctions. ... Full story

Commercial Investors deriving greatest value at Auction

The prevailing low interest rate environment, which is at historically low levels following the reserve bank's July interest rate decision, has sparked renewed interest and activity in the commercial property market, especially through auctions. ... Full story

No crisis of Confidence at The High Street Auction Co Event

Despite recent press coverage and negative sentiment surrounding the auction industry, the local market's appetite and confidence for buying through auction remains healthy, if The High St Auction Co’s last auction is anything to go by 21 lots with a combined market value of R114 million went under the hammer on the day. ... Full story

Auction Exchange
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