Vacant stands flooding the residential market of Plettenberg Bay
During August 2018 our firm conducted a liquidation auction of 5 vacant residential stands in Robberg Ridge Estate, Plettenberg Bay.
Each stand fetched R 210 000, and were sold successfully to 4 buyers. The stands range between 400 – 450 square metres and form part of a security development that is struggling to get off its feet. There are ample vacant stands on the market, not only in this estate, however these auction prices are a fair reflection of what the market is prepared to pay.