Auction Alliance will be auctioning a property in Alrode containing warehousing and offices on February 16

An application to stop estate agent Wendy Machanik Properties from operating was postponed in the High Court in Johannesburg on Thursday.

Strong demand is expected at the Hilton Hotel, Sandton on February 16 when various commercial properties go under the auctioneer’s gavel

Wendy Machanik Properties was dealt a massive blow late last month when a judge ordered that its trust accounts be placed under the control of an independent curator.

Wendy Machanik Property Holdings has had its trust accounts placed under curatorship following alleged financial irregularities in the management of the accounts.

Bonatla Property Holdings announced on Thursday that it had returned to profitability, with headline earnings per share for the year ended December 2010 expected to improve by more than 200% from the headline loss in the corresponding period in 2009.

Estate agents have painted a rosier picture for the residential property market this year, but have warned prices are being held down by banks’ strict lending criteria.

There are strong signs that Sub Sahara-African economies are benefiting from rapidly developing telecommunications, mineral extraction and the energy sector

An entire private West Coast beachfront resort in Dwarskersbos, including a 1,2 km stretch of private beach will fall under the Auction Alliance gavel in February

The residential property market has continued to lose growth momentum in November, recording 4.8% y/y growth compared with 6.5% previously.