South African startup launches online property auction portal

BidProp247, an auction startup based out of South Africa, has recently launched its online real estate auction portal for agents and auctioneers that will make bidding on property simple and easy.

Launched in November, BidProp247 claims to make it “effortless” to bid on real estate online in a secure and transparent way, giving real estate professionals total control over their auctions on the portal. 

“This is the new way to buy property on auction,” co-founder Sithembele Sidzumo told Disrupt Africa. “We are the only property auction portal that puts together all real estate professionals and makes it effortless to buy property on auction. We only work with professionals.”

The startup has been founded by agents, who have noted the trends in the space and seen the growing interest in online auctions. BidProp247 is looking to fill a gap in this regard.

“There was no online auction website that puts together all auctioneers and makes it simple for the buyer to bid on real estate in a safe environment. We found a lot of auctioneers would like to be part of this website, as it would draw more buyers if there are lots of auctioneers on one portal,” Sidzumo said.

Read more here

Join us in Miami Beach, June 5-7 for the Global Online Marketplaces Summit.