LONDON (Reuters) - Commercial property auctions are proving an unlikely bright spot in Britain's real estate market where a steep drop in sterling has attracted overseas buyers and local investors are as yet unfazed by potential fallout from Brexit.
Britain's 900 billion pound commercial real estate market was an early victim of the financial market turmoil that followed Britain's vote in June to leave the European Union. Retail investors quickly pulled money out of commercial property funds just after the vote, causing a temporary freeze on 18 billion pounds ($22.38 billion) in assets.
Selling property at one of our future auctions will be cost effective, simple, fast and stress free. If you feel that this method of sale might be right for you, why not get the ball rolling and get in touch for a FREE VALUATION via our PROPERTY ENQUIRY FORM.
Selling at auction also widens the potential market, not only will there be buyers who want to make it their home, there'll also be investors, developers and property dealers interested in buying. In many cases an auction could prove to be the best method for selling your property and not just a
Auction finance is a great way for property developers to secure a below-market-value property, often from a motivated seller. It could even be suitable for first-time developers too, if you’ve got the right expectations from the beginning.
Putting up your hand and bidding on a property worth hundreds of thousands of pounds is a daunting prospect, even for experienced auction-goers. If you make the winning bid, you?ll usually have to pay a non-refundable deposit on the day, and you?ll have 28 days to pay the balance.
That means that the timeframe for auctions is much shorter than the
One of the UK’s fastest-growing independent property groups, the SDL Group has today announced its third business acquisition in 12 months.
Humphreys of Chester, one of the most respected estate agencies in the region, has been acquired by the SDL Group for an undisclosed sum. Humphreys is a multiple award winning firm - the recipient of three Sunday Times Awards for estate agency and auctions.
The deal will see Humphreys expand across the North West region offering its complete property service from sales and exclusive homes to lettings, property management and auctions. This will report into
There’s change at the top for leading property brand Auction House in Cheshire as company managing director Peter Humphreys steps down from the role this month.
Peter set up Humphreys of Chester in 1994 and joined Auction House in July 2008. Since then his work, selling property under the hammer, has gone from strength to strength. His private treaty estate agency is being taken over by SDL. However, Auction House in Cheshire, North Wales and The Wirral will continue its regular sales with the next property auction taking place in late October.
A property auction can be a thrilling way to buy property, and snap up a bargain. They aren’t just good for buying repossessed homes, it’s now possible to buy all kinds of properties at auction. However it is essential that you do your homework before trying to buy a property at auction, and you need to put a number of important things in place before you go. It does't matter what your reason for buying at auction is, the key to success is preparation.
Before you go to auction to buy a property there's a lot of groundwork that needs to be done. A good place to start is by making a list of must
SDL Graham Penny held another successful auction at the King Power Stadium last week with bids coming in from the auction room, on the phone, by proxy and via the internet.
The auction, on Thursday 29th September, saw a catalogue of 21 residential property, commercial property and land lots offered with more than £1.6m raised in sales on the day.
Andrew Parker, auctioneer and managing director, commented: “Interest had been high for several of the lots in this auction and that was clear in the auction room as multiple bidders were lobbying to get their bid recognised.
Leading land agent Aston Mead says that campaigners in favour of maintaining the green belt need to accept that some of it will have to be built on, if a solution is to be found for the UK housing crisis.
The company’s comments come after the release of a report from the Campaign to Protect Rural England (CPRE), which claims to have uncovered blueprints for more than 123,000 homes on 203 sites on protected green belt land around London. The group says that most of them “are allocated in Local Plan documents, so the threats are real”.
Aston Mead Land & Planning Director Adam Hesse said: “It’s
SDL Graham Penny, the new name for the most successful auctioneer in the East Midlands, has today launched a new membership card scheme to offer speedy registration to bidders attending its auction rooms.
Bidders holding a SDL Graham Penny membership card will be able to bypass the normal registration process as their contact details and identification will already be stored on the bespoke cloud-based software.
Auctioneer and managing director Andrew Parker, commented: “It’s essential for us to get the contact details and see the ID of all our bidders in the auction room to qualify our
The main advantage of buying a property at auction is that you avoid the lengthy process of buying a house in the traditional way. At auction, the process happens in a matter of minutes rather than months and when the hammer falls, you own the property.
The other many benefits of buying property at auction are listed below. If these don't convince you, nothing will!
Low prices
Auctions really do offer the chance to secure property at bargain prices. Thousands of properties are sold at auction in the UK every year - and many are hard to value, meaning they often sell at below market value
Moving Home
UK Auction List works with our partner, Really Moving to provide everything you need for a stress-free move.