Look­ing back on an event­ful auc­tions year

Weekend Argus (Saturday Edition) - - AUCTIONS -

THE PAST year has been in­ter­est­ing and event­ful when it comes to auc­tions and the prop­erty mar­ket, says Jonathan Smiedt, chief ex­ec­u­tive of Clare­mart Auc­tion Group.

“About 1 2 0 0 0 b i d d e r s at­tended our stand­alone and mul­ti­ple prop­erty auc­tions through­out the year and we pre­sented 23 per­cent more stand­alone auc­tions than last year,” says Smiedt.

“Our mul­ti­ple prop­erty auc­tions of com­mer­cial, res­i­den­tial and lux­ury prop­er­ties have grown and we have had many more prop­erty en­tries and bid­der reg­is­tra­tions.

“Our client base has also grown with more pri­vate sell­ers us­ing our pro­fes­sional ser­vice and le­gal in­struc­tions con­tin­u­ing to in­crease in 2011.

“Some of the trends we have noted over this past year in­clude the in­creased de­mand for res­i­den­tial in­vest­ment prop­erty, the re­turn of de­mand for va­cant land and the fact that prop­er­ties priced at mar­ket re­lated es­ti­ma­tions con­tinue to be snapped up at our auc­tions.

“The group is look­ing for­ward to next year and the growth it will bring, not only in the mar­ket and with our val­ued client base but in­ter­nally, as we re­struc­ture and ready our­selves for the op­por­tu­ni­ties that the New Year will bring.

“On be­half of the group, I wish all Week­end Ar­gus auc­tion sup­ple­ment read­ers, our val­ued clients and in­dus­try as­so­ci­ates, a peace­ful and joy­ous fes­tive sea­son and a pros­per­ous New Year.”

Visit www.clare­mart.co.za for additional in­for­ma­tion.


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