In2assets Blog: Commercial property auction news

Last year economists predicted that the lending rate would rise- but in fact it fell. The current investors market for commercial and industrial property is in a very promising tendency comments Rainer Stenzhorn from In2assets, the well-known commercial and industrial property auction company. Should you be an investor or even an end-user and considering to buy a commercial or industrial property in South Africa, right now may be your ideal opportunity.

A massive retail building with street frontage to both Durban CBD’s two busy main streets is among the properties to be offered by In2Assets at its first multi-property auction at 11am on February 18 at the Durban Country Club.

Despite tough market conditions, investment properties – particularly well-located commercial and industrial Properties in and around Durban – are still in huge demand, says Hein Hattingh, MD of In2assets, leading property specialists with head office in Durban for the past seven years.

Auctions have always been a popular place for people to buy property, whether you are a developer, property investor or first-time buyer. Being well-prepared is key to a successful auction purchase.

Hammer set to fall on houses, apartments and vacant land in busy town - JAN DE BEER (Author)