Post all of the above, there is still signs of acceptance of the situation and growth. Old money has flowed out the country and there is negligible investing from abroad. New developments are expensive and unnecessary with everything available. Vacancies at an all-time high but the savvy investor have either come up with an alternative offering or understood the value of property and made the decision to buy. Good quality assets have not really found their way to the market as property owners are prepared to sell their vacant properties and hold on to anything that has a positive cashflow situation. As the year draw to a close, we can be grateful to just have survived the pandemic. We can proud that we have used this time to reinvent ourselves to be prepared for 2022. It will be a challenging year but one of massive opportunity. Prices will still decline over certain property sectors, especially offices, but the correction was long overdue. BAS has continued the path to innovation and improved service offering to the industry and our clients have enjoyed the opportunities on auction this year. Sellers were more realistic n their asking prices and we in turn have assisted in the disposal of their assets in the shortest time possible. 2022 bodes well for the sector and we will again see many properties on the market.
In preparation for our next auction
Made with FlippingBook - Online Brochure Maker