SA’s commercial property auction sector experienced significant growth throughout 2024, marking a pivotal time for real estate investors and auction houses. Driven by increasing demand and a more robust economic outlook, the market has demonstrated resilience and adaptability with another record-breaking year for Aucor Property with sales closing out at an impressive R2.5 billion.
Factors contributing to this upward trend include an influx of foreign investment, a revitalised local economy, and a growing appetite for diverse asset types.
Some of the key factors influencing confidence in the local commercial property auction landscape include increased investor confidence with both local and international investors viewing auctions as an efficient means of acquiring assets; diverse offerings expanding and catering to a broader range of investment strategies that align with varying risk appetites and public-private partnerships which are expected to bring much needed stability to municipalities, enabling better service delivery and making commercial investments more viable.
“2024 started with mixed sentiment based on the national elections and steep interest rates but looking in the rear view mirror, we can see how the market has become far more positive in the medium to long term,” says Greg Want, MD of Aucor Property. “The outlook for 2025 can only get better as the foundations laid in 2024 materialise and the interest rate cycle continues in a downward direction. If you have decided to invest in SA’s commercial property, there is no time like the present!”
With a full auction lineup scheduled throughout 2025, investors can anticipate various fuel stations, major retail outlets, hotels, high value residential assets, as well as a mix of industrial assets coming to market via Aucor Property.
