Network Auctions last ballroom auction of the year held at Grosvenor House Hotel on the 13th December has raised a Christmas cheer as the total £5,374,500 raised is the highest at a December sale for the firm going back over a decade.
Toby Limbrick, director, said, “It is a tough market out there, but I’m delighted to see we raised almost £2 million more this December than last year and to end the year with one of our highest for some 13 years is a great boost to the team.”
“Market conditions remain uncertain and those who are certain about wanting a sale are choosing auction as the most
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The Georgian home of the columnist, writer and Times Literary Supplement editor, Philippa Toomey, has sold at auction (Wednesday 12 December 2018) exceeding expectations of auctioneers at Auction House London.
She had lived at her semi detached five bedroom home in De Beauvoir Town, Hackney, London for 44 years, until she died last year. The house was in need of total renovation, where some ceilings had collapsed and the garden was completely overgrown. Despite its condition, the property attracted a lot of attention from buyers when bidding started at £1.35m.
Pugh & Co's final auctions of the year took place earlier this month and resulted in sales of over £14m on behalf of clients and joint agents. Below, their experts give us a few of their highlights from the Pugh & Co December Property Auctions.
Paul Thompson, Managing Director and Auctioneer
"Our December auctions delivered a very strong ending to our year with over £14m sold and many outstanding results for our clients. With guide prices ranging from Nil Reserve to over £1m, this auction provided an excellent selection of investment opportunities for our investors. The packed room and very
Just a quick note to wish everyone a WONDERFUL Christmas holiday.
Whilst there are several unsold lots in our database from December, auctions recommence from the end of January, so we look forward to sharing lots more new properties next year!
Off to do some last minute present wrapping, and eat a mince pie or three... :)
2018 has seen strong auction activity for leading North West auction house Sutton Kersh, with an end of year sales hitting a whopping £50m - and still rising!
Continuing to smash national statistics, this news comes on the eve of their most recent auction, in which 6.5m worth of properties were sold in the packed auction room; many of which being over their guide price. The auction continued to offer a huge selection of lots, with over 115 available on the day.
Commenting on the auction's success, Managing Director, James Kersh, said: "I'm thrilled to see such a fantastic end to the year
The final Acuitus commercial property auction of the year saw the sale of 59 lots for a total of £34.89m. This took the total volume of Acuitus sales in 2018 to just under £240m.
Acuitus auctioneer, Richard Auterac, commented: “This is a remarkable result for our clients, who in the main are institutions, investment funds and asset managers. It has been delivered against a political atmosphere that some pundits say hasn’t been seen since the days of Cavaliers and Roundheads!”.
Despite the continued negative press towards UK High Street retail, it was assets of this type which produced some of
The UK’s number one property auctioneer Auction House has reported a fifth consecutive month of record sales in 2018, selling more lots in every month since July than ever before in the eleven year history of the network.
In November this year the group sold 156 lots from 219 offered – a success rate of 71% and raising a total of £14.7m. These figures take the cumulative total in 2018 to sales of 3,257 lots since the start of the year, raising over £400m (£400,721,903) in the process.
Commenting on another month of record numbers, Auction House Founding Director Roger Lake said: “These figures
The final auctions of 2018 have now taken place, and there are plenty of unsold lots in our database that are still available; and more to be added early next week once the results are released from auctions that have taken place yesterday and today.
Catalogues for the new year will start to be released from mid January, so a wee break to enjoy the festive period.
If any of the UNSOLD/AVAILABLE lots catch your eye, then get in touch with the Auctioneer to arrange a viewing of both the property and the legal pack!
Are you thinking about selling your property in the New Year?
Sale by auction is cost effective, simple, fast and stress free.
If you feel that this method of sale might be right for you, get in touch for a FREE PROPERTY VALUATION via our ENQUIRY FORM (click on the link to be directd to a short form for you to complete and submit so that one of our auction team can call you back).
If you’re looking for a speedy sale and certainty that a buyer won’t bail on you then auctions are a good way to go. Once the hammer falls the buyer has to put down a 10% deposit, then they have 28 days to complete
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