Boost for auctions as sellers drop prices to ‘realistic’ levels

TWO LEADING auction houses say property sellers have “finally come to their senses” and accepted the fact that if not realistically priced, their properties will not sell.

Although 2016 was a bad year for property, there were still bidders for properties such as student housing. The Braam Lofts student res block in Braamfontein, sold by Broll for R17m last year.