The price of property achieved at auctions is a real-time and true barometer of current market values, says Alliance Group CEO, Rael Levitt. He says inflated values bandied around in the traditional market are over-optimistic and present a false sense of buoyancy in the property market. “Although published house price indices suggest that average house [...]

According to Alliance Group Chief Executive Rael Levitt: “For most property players, the past year has been first and foremost about short term survival”. Levitt believes that the outlook for 2010, while still mild, is far better than 2009 which saw many people tightening their belts to deal with the weak economy and growing unemployment. [...]