propertytalk Live!

According to the results of the first Savills commercial auction survey there is a renewed sense of vigour amongst investors with 67% of those asked confirming they are looking to buy in 2010 and 2011.

The research also notes that the proportion of 'hold' buyers has receded and that these buyers are set to become more acquisitive over the next two years.

Property website Zoopla.co.uk has launched a live online property auction platform for buying and selling residential property, in partnership with auction firm Real Estate Disposition Corporation (REDC).

The first online auction of approximately 150 homes will begin on February 11, ending on February 14. Thereafter live online auctions will take place regularly running four days at a time from Thursday afternoons to Sunday evenings when the auction closes and contracts are exchanged with the successful bidder.

Swinford Toll Bridge one of the few remaining toll bridges in England to claim an entirely tax free status is up for sale. This most unusual yet desirable property opportunity is offered by joint agents Allsop and Humberts Leisure and will appear in Allsop’s next Commercial auction.

A symbol of the bygone eccentricity in British law and heritage, the bridge enjoys no payable income tax, along with no capital tax (CGT, Inheritance tax and Stamp Duty).

Prospective landlords can now snap up homes at prices of a decade ago and will receive the keys to their property within just three weeks, according to mustbesold.com auction events.

The auctions are organised by the UK’s largest independent estate agency group Spicerhaart, in association with one of the UK’s leading property auctioneers, Graham Penny Auctions.

The second day of Allsop’s July residential auction be held on 16th July at the Cumberland Hotel, Great Cumberland Place London.

Gary Murphy, Partner and Auctioneer at Allsop comments; “This is our fourth sale of the year. Since our first 2009 auction in February, we have noticed a gradual improvement in buyer confidence. Each successive sale has drawn improved levels of interest and established stronger prices. We feel that the auction market has stabilised and that investors, in particular, appear keen to take advantage of the opportunities currently available.”

SVA Property Auctions, Scotland’s independent property auction company, has achieved sales of 2.6 million and sold 75% of 41 available lots at its June auction in Glasgow.

A major residential investment comprising a block of 12 one and two bedroom flats in Haddington Road, Tranent, was one of the auction highlights, and sold for £532,000 under the hammer. The flats, at Co-operative Buildings, were bought by a local East Lothian property company, with the solid auction sale vindicating the Co-operative Society’s decision, as vendor, to refuse all pre-auction offers.

A six-storey home in London's exclusive Mayfair district has been repossessed.

The house - formerly owned by businessman Cevdet Caner - will be put on the market by estate agents Hamptons International and Sotheby's with a list price of £20million.

SVA Property Auctions, Scotland’s independent auction service, will be putting 41 lots under the hammer on Wednesday 24th June at the Swallow Hotel in Glasgow.

The auction portfolio features a range of publicly and privately owned properties across the residential, commercial and investment sectors.

Countrywide Property Auctions is hailing its Manchester auction last week as a huge success with 82% of properties selling at guide price.

In total, 28 properties were offered under the hammer and 23 were sold, with the total value of all the properties sold reaching £2,041,500.

A significant by-product of the credit crunch and subsequent recession in the UK is the number of properties repossessed by banks and financial institutions as a consequence of borrowers defaulting on their repayments.

The Council of Mortgage Lenders has reported that the number of properties repossessed in the UK rose to 12,800 in the first three months of 2009. This was up 23% from the previous three months and up 50% on the same period last year.