KEEPING YOUR FINGER ON THE PULSE OF THE PROPERTY MARKET

Message from the CEO

LEADING THE INDUSTRY

Jonathan Russell Smiedt

Chief Executive Officer

The first half of 2017 is nearly behind us and the weaker Rand rings music to the ears of many foreign investors, particularly those investing in SA property. There appears to be a growing market called Buy SA and foreign investors are particularly capitalising on the sale of high end properties that match first world living on every level.

We’re also seeing an increase in high value properties being taken to auction by choice. Just last week our Group took two multi-million rand properties, both in the highly sought after De Wet Road on the Atlantic Seaboard to auction. These sellers consciously selected the auction floor, over traditional real estate channels and this trend is definitely gaining momentum, since these traditional channels don’t necessarily render the promised results.

The one element of the auction process that really does stand head and shoulders above the other benefits is the speedy manner in which the sale is concluded. We often have sellers not wanting to wait on bond approval of the buyer or a sale dependent on the sale of another property owned by the prospective buyer, and wanting a market related price. Our agents deliver on these requirements time and time again, and all our sellers are indeed satisfied, and their expectations are often exceeded.

In the last month we’ve recorded over R30m worth of sales and the recent sale of two adjacent commercial buildings in Beaconvale Parow, for over R12m is testimony to the tangible benefits of the auction floor. We’ve also seen the sale of a Gordons Bay seven-unit residential complex for over R6m, a Hout Bay estate for over R5m, a Rondebosch East family home for over R3m and Table View and Woodstock residential properties for over R1.7m each.

ClareMart remains a preferred service provider to the banking institutions around the country and we continue to expand our national footprint as we prepare to take another selection of over 80 repossessed properties located throughout South Africa to auction in Pretoria on Thursday 22 June, on behalf of a leading SA bank.

The ABSA Repo Vehicle Auction is another highlight on our calendar and we again look forward to concluding some great deals on behalf of ABSA on Thursday 22 June.

The upcoming auctions over the next few weeks are jam-packed with over R100m worth of movable and immovable properties. Under liquidation instruction from KPMG Services (Pty)Ltd, our Group is taking a selection of imported tiles, granite and marble, shopfitting and catering equipment as well as vehicles to auction on-site in Killarney Gardens on Tuesday 13 June. We’re also at the forefront of a highly publicised curatorship where our hammer will fall on two multi-million rand properties in Hermanus and Plattekloof on 9 and 20 June respectively.

Our next multiple auction is set for Tuesday 25 July at the One&Only Hotel at the V&A Waterfront and we look forward to offering sellers and buyers another fine selection of investment opportunities in a highly competitive environment.

See you on the auction floor.

Jonathan Russell Smiedt
Chief Executive Officer