This month Aucor offers property investors the opportunity to buyprime residential property by hammering down a number of repossessed properties on site around Johannesburg.

This month Aucor offers property investors the opportunity to buyprime residential property by hammering down a number of repossessed properties on site around Johannesburg.

In recent months the property market has been knocked by rising interest rates, with a significant decline in property prices. Many property buyers are becoming financially strained and there is an increase in defaulting payments and a surge in bank repossessions.

Banks face growing portfolios in their residential repossession divisions, and opportunities are opening up for potential buyers who have sufficient capital.

"As property is on a downward spiral, now is the opportune time to break into the market countrywide," says Paul Winterstein of Aucor.

On auction are a 4,814hectare agricultural holding and three-bedroom house in Marabeth, Krugersdorp, and a three-bedroom house in the Mante Celt Estate, Midrand.

The auctions will be on Monday. Contact Christo on 083-794-2374, or visit www.aucor.com