UK residential auction house Allsop posted a £61m sales total at its 27 March sale as 90% of lots offered attracted stiff competition.
A 1,000 strong crowd filled The Cumberland Hotel to bid, although many left disappointed and slightly stunned by the prices achieved. Continue reading
Thanks to you, Propertytalk Live! has enjoyed another hugely successful year and seen exceptional growth in the number of people visiting the site.
And that’s not all – the number following us on Twitter alone has soared past 21,000 which we think is phenomenal. Continue reading
Q: How can I find a property auction in my area?
A: “The best place to find auctions in your area would be by doing an internet search for ‘property auctions’,” says proprietor of Belvoir Liverpool West Derby Adam Rastall. “Most auction companies will market the properties on property portals too, such as Rightmove and Zoopla Continue reading
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