Aucor Property invests in Cape property auction market | Everything Property

Aucor Property invests in Cape property auction market

Aucor Property

Following a hugely successful and record breaking 2022, Aucor Property has hit the ground running for 2023 with the news that the business has opened new offices in Cape Town to service the market in the region. The offices, based at The Business Exchange in the V&A Waterfront, will be headed up by Brett Pozniak, a seasoned Business Development Executive in the auction space. Pozniak says, “The Cape property market is diverse and given the recent explosion of ‘semigration’ to the region, there has been a huge uptick in buyers wanting to purchase property in both commercial and residential sectors.

In understanding the profile of who is coming into the region, all research indicates that this group is made up of middle-to-higher income group who have the ability and financial means to invest. Demand is high – outweighing supply, in contrast to the broader South African property market, at this point in time. As a result, pricing for quality stock has and will continue to become more achievable for serious sellers.” “Experience has shown us that despite the pressure of several macro-economic factors, which are perceived as negative, such as rising interest rates and inflation, load shedding and political instability, the Cape region continues to be attractive to those looking for a good lifestyle, and in a location where there are significant business opportunities.

As such, sound property investments, have and will continue to drive the good returns. Coupled with the banks’ willingness to be more flexible on lending, the market on a whole continues to be buoyant.” “Aucor Property has seen phenomenal growth in the Cape region with more than R230 million in sales in the last year alone, and we fully expect this number to increase significantly over the coming 10 months.

It was on the back of this, that the decision was taken to open the offices and put a fulltime team in place to work with our Cape buyers and sellers and bring opportunities to the fore.” comments Pozniak. Brett Pozniak is joined by local property expert, Gareth Currie, who has been working in the Cape property market for more than 15 years, and together with another 3 full time Business Development Professionals and an administration specialist, the team of 6 will spearhead the Cape Town operation.

For more information on how Aucor Property can assist with the buying and selling of property on auction and to view upcoming auction dates,

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