Property News

Imagine a break-in where your prized possessions are taken from your home, or your geyser bursts and destroys your carpet and an entire storage wardrobe of clothes and keepsakes. Now imagine paying to replace those items or fix any damages from your current income. Could you do it without going into massive amounts of debt, or depleting your savings? Probably not, but fortunately short-term insurance provides protection, so that you can have a financial safety net in place.

One of the residential properties on sale on BidX1’s inaugural online property trading platform in South Africa attracted 103 bids, resulting in fierce competition among bidders and finally achieving R3.19 million - which was R1.2 million more than the starting bid. Further testament to the efficacy of BidX1 as a trading platform is the fact that this property had been on the market for some time and the offer achieved by far exceeds any previous offer received.

For the past few years, the industrial property sector has outperformed the office, retail and leisure property sectors. The good news is that it appears that the industrial property sector should continue to perform reasonably well into the foreseeable future.