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Lots for investors at spring sale

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With this month holding the promise of warmer weather, the month also brings a new level of opportunities for investment in property, Norman Raad, chief executive of Broll Auctions and Sales has predicted.

Broll Auctions and Sales’ next multi-property sale at the Wanderers Club in Joburg on September 12 at noon will offer a wide choice of investment properties, including a KwaZulu-Natal property in Vryheid, a major Midrand conference complex, retail centres across Gauteng, an industrial facility in City Deep, residential land in North Riding and Centurion, well-situated offices in Midrand and blocks of flats and industrial property.

Raad believes there has never been a better time to invest in property.

“It is a buyers’ market now with more sellers asking realistic prices. Sellers have historically been holding out for yields way above market value but are realising that the true value of properties is what buyers will pay.”

He says, despite economic challenges, living in South Africa is still far cheaper than any other African state when converting selling prices into dollars.

“South Africans have learnt to adapt quickly and have begun to revise their investment strategies. They are now aware that during unprecedented economic challenges, bricks and mortar remain a real hedge against inflation,” he says.

For more details, call 0827821134 or 0877008289, email auction@broll.com or see www.brollauctions.com.

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