Category: Auction News
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South Africa’s property market continues to favour buyers, prompting sellers to adjust their expectations. FNB predicts a gradual increase to 3.8% by 2026, but buyers have greater negotiating power even when adjusted for inflation. Property transactions have notably declined compared to the post-COVID surge, mainly due to rising interest rates (despite the recent 25 basis […]
It’s work, play, and stay in Pretoria North’s Akasia next week as Park Village Auctions brings residential and commercial property offerings to market on 3 February. Over the years, Akasia, Pretoria has become a popular choice for the up-and-coming, according to PVA’s Clive Lazarus. Lazarus explains: “Known for offering an affordable contemporary lifestyle with ample […]
Park Village Auctions is inviting offers on manufacturing equipment stemming from the liquidation of a metal fabrication concern specialising in paint, chemical, and lubricant container manufacturing. Werner Burger of PVA says that the industrial equipment will appeal to a broad range of buyers across the manufacturing, packaging, construction, and automotive sectors. The available assets are […]
While all signs point to positive growth in the property market, affordability will remain a key driver throughout 2025. To that end, purchasing quality properties on auction continues to be a viable option. That’s the word from Park Village Auctions’ Roy Lazarus, who sheds light on what to consider when buying an auction property. According […]
Park Village Auctions is starting 2025 in full throttle with back-to-back ABSA repossessed vehicle auctions between 15 and 16 January. Hundreds of vehicles, ranging from sports cars to family sedans, will be available via webcast, so anyone can participate online. Auction and viewing details: Pre-approved finance is available from Auction Finance. For more information and […]