The online auction auction portal was launched in South Africa under the name BidProp247. The purpose of the portal is to make real estate offers simple and easy. The portal will target real estate agents and contractors.

The developers of the portal say that real estate experts will provide full control over their auctions on the portal and will carry out their transactions effortlessly.


“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.”

According to BidProp247 developers, real estate portals in online environments are very few and have a big 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.

The portal, which attracts great attention in South Africa, plans to expand in Israel and America.

“Our business model allows us to be in any country that has real estate agents and auctioneers. We are pushing to be the leader in online real estate auctions worldwide,” said Sidzumo, adding that BidProp247 will make money from monthly subscription fees from agents.

Source: disrupt-africa.com

Sevdenur Demir / [email protected]