A former boarding house at the center of a David and Goliath battle between an elderly woman and Donald Trump is going up for auction.
In the 1990s, Trump had wanted to tear down Vera Coking's building and convert the land into a parking lot for his Trump Plaza Hotel and Casino. Coking fought the state Casino Reinvestment Development Authority from condemning the property through eminent domain. The state Supreme Court sided with her in 1998, ruling the redevelopment agency could not seize the lot.
Much has changed since. Coking, a widow who is now 91, has moved to California. Atlantic city's
People buying distressed or repossessed properties at auction can generally expect to pay in the region of 20% below market value as a result of insolvency practitioners rushing to sell, according to an established auctioneer.
Distressed or repossessed properties, which generally only tend to make it into certain auctions, should be selling for 20% more than at current rates, according to Edward Swindells. Swindells claims that once insolvency experts and lenders have offloaded the assets attached to these properties, they are no longer incentivised to achieve the best price for the vendor and
Award-winning brand Auction House is entering the highest number of lots to be sold at auction in one month since the height of the recession in 2008.
Over 600 residential and commercial instructions are due to be auctioned in 27 sales across England, Scotland and Wales during July. According to the Essential Information Group (EIG), this is the highest monthly figure recorded by a UK auctioneer for six years.
Auction House Founding Director Roger Lake said “Strong listings in our core areas and growth in others have come together to make it our busiest month ever. The regional auctions
Demand for housing continues to outstrip supply in the Scottish market, according to the Royal Institution of Chartered Surveyors.
Its latest report also showed a rise in newly agreed sales, regarded as a good indicator of market activity. This has now shown a steady rate of growth since February 2013.
The survey recorded a balance of 32% more chartered surveyors reporting increases in new buyer inquiries. However, only a balance of 1% reported an increase in new instructions for properties coming onto the market in June.
In the month that saw the Bank of England introduce a 15% cap on high
Commercial property auctions in May saw sales volumes rise 25%in comparison with the corresponding period in 2013 while the average yield achieved by the properties sold sharpened by 90 basis points to 8.3%.
The latest cPad (Commercial Property Auction Data) report from Acuitus and IPD reports that this is the lowest All-Property Yield recorded since May 2012.
Although the total of £99.78m of assets sold in the May auctions showed a year on year increase the sales rate was down to 70% from the 84% that was recorded at the February/March sales. Acuitus auctioneer, Richard Auterac, comments
Sutton Kersh has attracted 100 lots for its next property auction taking place in Liverpool on Thursday, 17th July.
The sale at the Liverpool City Centre Marriott Hotel includes a wide choice of stock in all categories, with guide prices starting from nil reserve.
Among the highlights is a vacant three bedroom extended semi-detached property on Blackmoor Drive in L12, which benefits from double glazing, central heating and front and rear gardens. The guide price is £110,000 plus.
Elsewhere, a vacant three bedroom semi-detached in Ormskirk is guided at £100,000 to £110,000.
Are you considering selling up and want to know how much your property might be worth at auction? If so, why not send us a few details about your property, and one of our auctioneers will give you a ring, to chat further about your requirements.
Our auctioneers can answer all your questions, advise how the auction process works, confirm the fees, and arrange a free valuation of your property to see whether the possibility of selling via auction, is right for you. If you are happy to progress, then they will provide you with a contract for auction and advise on everything that you need to know
House price growth in the UK remained strong last month, the Nationwide building society has said.
Its latest survey found that the annual rise in house prices jumped from 11.1% to 11.8% in June, with all regions across the UK seeing an increase. Prices increased 1% in June, compared with a 0.7% rise in May.
House prices have now surpassed their 2007 peak, Nationwide said, with the average value of a UK property now at £188,903.
The building society said there were "significant variations" across the UK with the south of England continuing to see the strongest growth in house prices.
London house prices are rising at their fastest annual rate in more than 11 years, as the gap between the capital and rest of the country continues to widen.
Prices in London rose 18.5pc year-on-year in May, nearly triple the 6.7pc annual increase seen across the country, according to Land Registry figures.
Average property prices in the capital are now £439,719, compared to an average of £172,035 for England and Wales.
Mark Carney, the Governor of the Bank of England, who on Thursday announced measures to head off a property bubble, said that while growth in house prices was not a problem yet
Commercial property consultancy Lambert Smith Hampton has today announced the acquisition of BTWShiells’s commercial division.
Northern Ireland's number one consultancy
BTWShiells is Northern Ireland’s leading firm of commercial property consultants, employing 75 people at its headquarters in Clarence House in Central Belfast. BTWShiells’s existing management team of Keith Shiells, Paddy Brennan, Donall McCann, Paul Gamble and Stuart Draffin will retain leadership roles in Lambert Smith Hampton’s operations in Ireland.
The deal involves the purchase of BTWShiells’s highly-regarded commercial
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