Lloyds Bank has issued its latest property sales report which is based on data from the Land Registry and covers 400 towns and London boroughs.
The hotspots are those areas that recorded an increase in home sales during the 10 months to October 2014 compared with the same period the year before.
Home sales overall were up 21 per cent in 2014 with more than 750,000 properties sold. But it is the areas which saw the biggest jump in sales that are perhaps most notable.
Top of the list is Daventry in the East Midlands. Slough is also in the top 10.
For one of the UK’s leading auctioneers, Clive Emson, a very healthy £16.3 million and an overall success rate of 82% sold was achieved from the first auctions of the year.
Demand for all sectors, whether vacant residential in need of improvement, vacant commercial, tenanted properties (residential or commercial), garages, land (all shapes and sizes) simply outstripped supply. The results of their first auctions of the year can be summed up as - a flying start!
And for 2015, Clive Emson has announced the launch of a new sale for the Essex and North and East London Markets.
Merseyside auctioneer Sutton Kersh sold 75% of the lots offered at its first auction of the year, generating proceeds in excess of £4.6M.
The sale at the Marriott Hotel in Liverpool attracted a large attendance including investors, owner occupiers and developers. Competitive bidding helped a number of lots exceed their advertised guide prices.
Cathy Holt, Joint Head of Auctions at Sutton Kersh said: ‘It was good to be back in the auction room after the long winter break .We had assembled a strong catalogue to kick off our 2015 auction campaign which offered a wide variety of opportunities to
Over the past two years there has been a huge surge in student housing investment activity in the United Kingdom, and student accommodation is certainly big business right now. Last year alone saw more than £2 billion of investment from U.K. and overseas investors in this booming property sector.
A new report from The Mistoria Group, specialists in student property investment, has highlighted that demand for student HMO property is especially soaring in the North West, with a 40% increase in students securing their accommodation in January, year on year.
Homeowners are slowly coming to terms with lower valuations for their property after price growth expectations fell to an 18-month low, ahead of the general election.
Over the three months to February householders became steadily more pessimistic, predicting slower price appreciation in 2015, according to the property group, Knight Frank.
Despite the low interest rate environment and wide range of cheap mortgage deals on offer, the sentiment index, which each month tracks whether homeowners think the price of their property will go up or down over the next 12 months, fell from 74.9 a year ago
Concerted buying at Acuitus’s first auction of the year has illustrated the opportunities that the sector now offers sellers of all types of commercial property throughout the UK.
The auction raised £25.3m which was 40% up on the corresponding sale last February. The buying power was evident with 10 of the 34 lots sold achieving prices of more than £1m.
Acuitus auctioneer, Richard Auterac, comments: “The buyer base in the auction room is expanding rapidly with national and international buyers who are new to the market acquiring 80% of the lots. This is providing sellers with a major
Using a property auction is the fastest way to sell. If you want a quick sale or have a deadline to meet, then a property auction could well be right for you. Once the hammer has gone down the property is sold but, most importantly, contracts are exchanged on the day of the sale as no further negotiation is permitted. That means the entire sale process – from instruction to exchange of contracts – is achieved within as little as 28 days.
Most types of property are now suitable for auction provided that a realistic reserve price is agreed. If you have a property to sell and are considering sale
Graham Penny Auctions, the most successful auction house in Nottingham, has held its first auction of the year in front of a packed room of buyers and the Homes under the Hammer TV crew.
The auction, on Friday 6th February at Nottingham Racecourse, featured a catalogue of 38 residential property, commercial property, land and other lots from across Nottinghamshire and the rest of the country which raised over £1.9m for Graham Penny Auctions’ clients.
Vejay Pal, senior valuer at Graham Penny Auctions, commented: “Last week’s auction was a great start to the year for us. Our catalogue had a
Auction House London achieved a sales success rate of 87.9% in 2014 - the highest figure reached by any property auctioneer in the UK last year.
According to the latest data, the average success rate in the residential auction sector is 80% - a figure exceeded by Auction House, which sold 87.9% of all homes it listed.
Coming in second and third were Clive Emson at 87% and Allsop Residential at 85.3%.
Auction House London also jumped from tenth to sixth place in the amount of money raised through sales, bringing in £94m in 2014, compared to £54m the year before.
Auctioneer Andrew Binstock puts
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