The number of investors at auctions is expected to increase

Park Village Auctions

The number of investors at auctions is expected to increase as the economy strengthens in months to come.

Positive political and economic developments at the beginning of the year may provide the impetus the economy needs to drag it out of its prolonged slump and provide investors with the spark they need to untie their purse-string in search of opportunities.

“If the green shoots we have seen since the beginning of the year are anything to go by, then the whole economy will be buoyed with the ensuing ripple effect extending up and down the entire length of the country’s supply chain,” says professional auctioneer and director of Park Village Auctions, Roy Lazarus.

“In our industry the indicators are much more apparent than elsewhere in the economy, as the number of serious investors present at our auctions gives us a quick indication of the state of our economy. Their access to credit is also a clear indication of banks’ appetite to lend money and increasing numbers therefore usually translates to a stronger economy.

“Whatever the reason and whatever the investment, we believe that 2018 will be a better year for the auction industry as people steadily learn the value of buying and selling goods on auction. The expected upturn in the economy also spells good news for investors who can expect a wider range of properties and assets to go under the hammers,” concludes Roy.

Klagtes teen vellingsbedryf neem af met meer as 35% Auction Sector Resilient to Property Doldrums