'2011 was tough, but the real crunch will come in 2012'

This was a tough year for South African real estate and, after three years of trudging through a severe downturn, the year did not present a path to recovery. As buyer-demand cooled, concerns about global sovereign debt heightened and weak prospects for the local economy worried investors.

Posted at 08:40AM Jan 04, 2012 by Editor in Auctions  | 

Top wine estate goes for song in minutes

Prestigious Stellenbosch wine estate Quoin Rock was auctioned for R60.5 million yesterday in a deal experts described as an "absolute bargain".

Posted at 06:49AM Dec 12, 2011 by Editor in Auctions  | 

King farm Quoin Rock to be sold to settle tax debts

The auction of the Quoin Rock Winery in Stellenbosch owned by Metlika, one of the companies controlled by controversial businessman and alleged tax dodger Dave King, is to proceed this weekend. The farm and its movable assets are valued at about R150 million.

Posted at 08:14AM Dec 08, 2011 by Editor in Auctions  | 

Luxury properties now start showing up on auction

Once considered a last resort for desperate sellers or foreclosed properties, the auction mechanism is being increasingly utilised to sell luxury homes, many of which were previously languishing in an uncertain market after significant price cuts.

Posted at 08:40AM Dec 06, 2011 by Editor in Auctions  |  Comments[2]

What are Properties in Possesion (PIPs) ?

The term PIP is used in the industry to denote homes that are possessed by the bank which owns the bond for the property.

Posted at 08:09AM Dec 02, 2011 by Editor in Auctions  | 

Boutique wine farm in Stellenbosch to be auctioned

Eaglevlei Wine Farm, a boutique wine farm in Stellenbosch, will be sold as a going concern during next month's multiple auction event on December 6.

Posted at 08:33AM Nov 23, 2011 by Editor in Auctions  | 

South Coast mall coming up for auction

South Coast Mall, an expansive community shopping centre in Shelly Beach, will be brought under the auctioneer's gavel during next week's Commercial Multiple auction on November 23.

Posted at 08:39AM Nov 18, 2011 by Editor in Auctions  |  Comments[1]

Dave King's liquidated Quoin Rock Estate on auction

In what promises to be the most high profile auction event of the year, Auction Alliance will bring the Quoin Rock Winery and Manor Estate under their gavel on December 10.

Posted at 10:01AM Nov 15, 2011 by Editor in Auctions  | 

Controversial ski resort up for auction after appeal court judgement

South Africa's only ski resort will go under the hammer after a successful judgement was handed down by a full bench in the Supreme Court of Appeal on the 30 September 2011.

Posted at 08:12AM Nov 07, 2011 by Editor in Auctions  |  Comments[1]

Property auction scammer awaits day in court

A Durban attorney and a relative, charged with duping prospective home buyers out of millions of rand in a property scam, were met with angry stares from their alleged victims when their trial failed to start in the Durban High Court yesterday.

Posted at 08:39AM Nov 01, 2011 by Editor in Auctions  |