Category: Auction Opinion

Park Village Auctions (PVA) is helping South African buyers better understand how insolvent estate property sales work and where genuine opportunities may exist. According to PVA’s Roy Lazarus, “insolvent estate” simply refers to a formal legal process in which assets are realised to settle creditors’ claims when liabilities exceed assets. “An insolvent estate is not a […]

The 8 day civil unrest and looting that happened in July 2021 will likely affect South Africa’s economic climate for years to come.  According to the South African Property Owners Association, “of the properties that were affected, 80% were retail business properties, 15% were industrial business properties and 5% were warehousing business properties.”   Although businesses […]

It’s no secret the Covid-19 lockdown has hit small- and micro-enterprises the hardest. As cash flow is the lifeblood of business, it’s easy to see how a month without receivables can be crippling. In his 38 years at Park Village Auctions, Head Auctioneer, Clive Lazarus, has seen many businesses bounce back from the brink of […]

Park Village Auctions’ Clive Lazarus shares his thoughts on how the Covid-19 national lockdown will shape the commercial property auction landscape. In over three decades, PVA has seen the South African property market fare against some tumultuous times. Although none quite as extraordinary as a global pandemic, experience—says Clive—shows that the market will react to […]

Park Village Auctions’ Director, Roy Lazarus, offers insight into his three major predictions of what the auction industry can expect following the country’s national Covid-19 prevention lockdown. Digital Migration Lazarus: “The national lockdown has forced many companies to transition to digital operations. Some taking online backorders and queueing delivery until ‘normal’ business resumes, others pivoting […]