Green shoots In The Property Market
If the last few months were anything to go by, the rest of the year is set to be very exciting.
In May this year AuctionInc achieved record sales across both its residential and commercial divisions. According to group CEO Ari Ben “we experienced a significant increase in demand for industrial property and as a result we concluded a number of significant transactions in this sector”. Residential properties priced between R1 – R2.5m have proved to be very popular due to low interest rates and appetite by all the major banks to provide first time homeowners with bank finance. With the peak of the 3rd wave of the Corona Virus now seemingly over all signs are pointing to a robust season of property trading ahead.
Author: Ari Ben