In conversation with Carroll Harrison and Norman Raad
BROLL AUCTIONS AND SALES
Physical auctions still remain the auction model of choice in all regions of SA.
success in the UK market where real estate demand has traditionally been greater, with between six to twelve interested parties bidding at a time. But, while phone bidding is well-supported in the local market, the shift to online has not been marked. Physical auctions still remain the auction model of choice in all regions of SA.
sales on auction as well, with one of our top sales being a well-known property developer’s home for R40m.” The Gauteng market has been particularly active in the CBDs of Johannesburg and Pretoria, with pockets of demand in Rosebank. Norman predicts strong growth
Online vs on the floor While Broll’s auctioneer has to leverage technology for online auctions, Norman reports that the move to online auctions has not yet been majorly embraced in South Africa. He and Carroll have studied online auctions intensively and observed their
Across the regions and cross-border The Western Cape region is currently the busiest region with stock in short supply across all asset classes. “Industrial is selling very fast,” Carroll notes. “We’ve successfully sold everything we’ve taken to market this year in the Cape. We’ve done residential
October 2025 | Issue 141 | Asset Magazine 209
208 Asset Magazine | Issue 141 | October 2025
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