Looking at the residential and commercial sectors separately, both performed positively with the residential sector showing 17.6% growth in ‘Lots Sold’ for the month (21.3% for the quarter and 8.1% for the year), with increases recorded for the ‘Percent Sold’ and the ‘Amount Raised’ as well.
The commercial sector saw the ‘Amount Raised’ soar by 105% with all other metrics for the month and quarter figures increasing, though the year on year figures were generally slightly down.
David Sandeman, Managing Director said:
"The trend we have seen emerging over the past few months continues with a strong set of figures below.
"Whilst reports coming from Continue reading
Auctioneer James Cannon said:
"This is one of the more unusual items I have been asked to sell by auction. There is a guide price of just £1 so it will offer a lot of scope to more imaginative investors. But amongst the various potential uses suggested by potential bidders,the floating hotel berth seems very sensible as we know there is a shortage of suitable accommodation in London over the Olympics period."
The large coaling jetty was part of the Deptford West Power Station which was built on a former dry dock site and opened in 1929 by the London Power Company, Generation Continue reading
The total of £51.3m, raised from a single day residential event, was the largest posted by the firm in a year. In all 256 lots have been sold to date from a total of 303 offered. This month Allsop has been solely responsible for over 35% of all Property Auction Sales (by value) across the UK.
Speaking after the sale, Auctioneer and Partner, Gary Murphy commented
"This sale was a very different experience to that of September. From the start, bidding was confident and fluid."
"I think a major reason for this success was the quality of stock in the catalogue. There was a Continue reading
Simon Parker, Head of Commercial Auctions at Savills, comments: "This change in sentiment from investors is definitely an encouraging sign for the market and represents the renewed investor confidence. It is also very interesting as 16% of buyers predicted further falls in 2010 and while judging the bottom of the market is crystal ball gazing, these cautious respondents must be fairly confident of a bounce back in 2011 if they are looking to buy now."
When assessing where buyers are looking to invest over the next 12 months, Savills research notes that there is a broad spectrum of target regions and sectors. Continue reading
Initially focused on repossessed properties, the service will also shortly be available to estate agents across the UK, providing them a new, fast and effective additional route to market for any of their property listings. Zoopla.co.uk will not charge its member agents anything for listing properties in its auctions and in addition to receiving their standard commission from the seller when the property is sold through the online auctions, agents will benefit from a further 0.25% of the purchase price as a referral fee which will be paid by Zoopla.co.uk.
The service will allow agents who advertise on Zoopla.co.uk to Continue reading
Constructed in 1767 the picturesque bridge was subject to an act of parliament the very same year to allow its owner the Earl of Abingdon to charge a toll for a tax free income. The law was granted for the Earl and “his heirs and assignees forever”.
Located across the River Thames outside the village of Eynsham in Oxfordshire, the bridge is Grade II Listed and is strategically placed to offer a route to and from Oxford city centre via the B4044. This is a popular alternative to the some what congested routes of the A40 and A420, and approximately 4 million Continue reading
The next auction – which takes place tomorrow (22 July) is one of a series of ten London-based mustbesold.com events arranged for 2009 and will see more than 100 properties take to the stand from a wide variety of institutions, including housing associations, local authorities and mortgagees in possession.
Spicerhaart Chief Executive Paul Smith said: "If you’re looking for a quick purchase or sale then auctions offer an ideal way to exchange.
"In the UK, property sales take on average 14-16 weeks to complete but many of those who buy at the next mustbesold.com auction event will complete the Continue reading
He continues; “The sale is expected to appeal to the first time buyer as well as the seasoned investor as we have a broad range of single vacant units across the country, many of which are distressed sales. We shall also be offering some interesting higher value opportunities"
Clients represented in this catalogue include Amicus Horizon Housing Association, LHA ASRA Group Limited, Essex County Council, Family Mosaic Housing Association, Grainger plc, Halifax plc, Hyde Housing Association, L & Q, Metropolitan Housing Trust, Mountview Estates plc, Peabody Trust, Regis Group plc, Servite Houses, Southern Housing Group, St Dunstan’s – a Charity for Blind Continue reading
The auction’s commercial portfolio was equally successful with a key sale secured for Trillium Property Partnerships, who sold a 0.26 Ha site with a 1,200sq m office building for £325,000 to a Peterhead based property company. Says Shaun Vigers, SVA Property Auctions director and auctioneer: “This was a particularly pleasing result in the current climate as this is a significant amount of vacant office accommodation, in relation to the size of the Peterhead market. It reflects a very welcome degree of considered optimism creeping into the sector.”
Another sound investment was quickly appreciated in the auction room and bidding was competitive for Continue reading
The Credit Crunch and Recession have combined to make repossessions increasingly more common – but surely this must be the most expensive UK property sold off in this way?
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