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Barnard Marcus' most recent auction last month saw sales proceeds in excess of £26m from the 175 lots on offer. The total for Barnard Marcus this year already stands at over £95m and for Sequence Auctions overall including their regional rooms in Leeds, Norwich, Derby and Southampton exceeding £120 million.

Many lots under the hammer soared above the guide prices, for example, Lot 37, a freehold detached bungalow with potential, offered on behalf of The London Borough of Sutton with a guide price of £330,000, subsequently sold to a private buyer for £710,000, following a fierce bidding war.

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Is what I would LOVE to be doing right now, on this glorious sunny day... but where would I get the most value for my money?

Here are the 10 most expensive seaside towns in Britain according to Halifax, followed by the average house price:

1. Salcombe, South West, £672,874

2. Sandbanks, South West, £614,726

3. Aldeburgh, East Anglia, £413,393

4. Lymington, South East, £404,781

5. Dartmouth, South West, £403,767

6. Padstow, South West, £387,109

7. Lyme Regis, South West, £343,604

8. Budleigh Salterton, South West, £342,442

9. Bigbury on Sea, South West, £333,626

10. East Wittering, South East,

Nationwide's most recent survey suggests that UK house price growth is slowing down, with prices in May only 4.6% higher than same time last year.  This is down from 5.2% in April.

It was also reported that prices in May actually increased 0.3% compared with April, with the average property price now £195,166.

Nationwide said cash purchases of houses also reached an all-time high of 38% in the first three months of the year, just above the 2014 average of 36%.

Selling a property by auction is easier than many people think, and the prices that we achieve are usually higher than expected too.

It all starts with an email enquiry or a phone call to us. We will pass on your details to the best performing auction house in your area, at which point you'll be asked about your property, your situation and your requirements.

An Auctioneer or an Auction Valuer will visit and inspect your property, then advise you on the best method of sale. If it is 'Sale by Auction,' you will be given Guide Price recommendations, and our auctioneers will talk you through the

British Land, one of Europe's biggest listed property companies, reported full-year results last week and the key takeaway is this: London property prices are still going crazy. The value of the property owned by British Land went up by 12.1% last year, while the value of its office and residential space jumped by 18.8%. British Land said this was due to "the strength of the London market and our actions." British Land's "Cheesegrater" building in the City — proper name the Leadenhall Building — smashed rental records in London last year, with space going for £90 per square foot. British Land

Remember, if you've decided on the property that you want to bid on, and have everything in place in order to attend the auction, then the final piece of advice, in the run-up to the auction, is to keep an eye on the 'guide price' (this is the price listed in the catalogue).

Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during

Why buy property at auction

People buy at auction for lots of reasons. They may want to move quickly or they could be looking for a plot of land to build on, a repossession, or quite simply they want a quick purchase without the risk of gazumping. Also, many buyers looking for investments buy at auction as a catalogue full of properties gives them lots of opportunities to choose from.
Buying a property at auction is both exciting and potentially profitable. It avoids all of the lengthy purchasing procedures that you usually have to endure and the risk of everything falling through at the 11th

The latest Acuitus/IPD Commercial Property Auction Data (cPad) report analyses the £171m of commercial property assets that sold at auction during February and March and illustrates the strength of investor demand. The All-Property sale rate at the first auctions of 2015 was 86% which even surpasses the sale rates achieved in the 2005-2007 boom market.

Although the volume of assets sold in the first auctions of this year was slightly down on the corresponding period last year, the comparative average sale price year-on- year was up to £737,446 - nearly 6% higher than in 2014.

Acuitus

A three-bedroom house in Gosport went under the auctioneer’s hammer for £126,000 last Thursday.

The freehold mid-terrace at 7 Freemantle Road was among 17 lots being sold by regional land and property auctioneers Clive Emson.

Rob Marchant, auctioneer, said: ‘The successful bidder voted with their wallet on general election day. The house requires a programme of improvements, with the selling price reflecting that.’

Also sold was a three-bedroom house at 65 St Michael’s Grove, Fareham. The freehold property, chalked for ‘improvement’, went for £141,000.

Eight bedsits with communal facilities at

• UK landlords expect annual rent growth to slow to 1.7% by next year, down from 3.7% currently
• Finding trustworthy tenants deemed more important to landlords than higher rental yields
• Nearly a quarter (24%) of landlords want to purchase additional rental properties this year
• Three in five landlords (60%) think it is a good time to invest in buy-to-let, up from 54% six months ago
• More than a fifth of landlords (22%) find their buy-to-let mortgage payments cheaper than a year ago

After a recent spurt of rent growth, landlords anticipate that rent rises will taper off over the next