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Auction House reported better-than-expected results in July, despite the post-Brexit slowdown which dampened expectations going into the month. The group sold 385 lots from 526 offered, delivering a success rate of 73% and raising a total of £50.5 million.

Commenting on the figures, Founding Director Roger Lake said: “The Brexit factor led to forecasts of doom and gloom which in reality we found to be wildly exaggerated. Whilst uncertainty is never helpful, and auctioneers had to be more selective with the stock being offered in their rooms, we still managed to achieve a very successful month

Symonds & Sampson finished the first half of the year in style with a complete sell out at their 29 July sale in Sherborne and auctioneer Mark Lewis selling his 2000th lot ‘under the hammer’.

Mark, Head of Agency at Symonds & Sampson said “We thought that we were going to have a good day when we saw the number of legal packs downloaded from our website and the record number of proxy bids received from people who could not be at the sale. It ends a very good auction month with over £3million worth of auction lots falling under the gavel.

The lots included paddocks at Leigh near Sherborne and

A successful property auction was held at Westwood Golf Club seeing a packed room of potential purchasers held by Graham Watkins & Co, with a good deal of interest in all lots on offer with particularly strong interest the land at Wetton.

The first lot on offer was 28.78 acres of grassland that was formerly part of Hazel Barrow Farm, Upper Hulme, Leek.

This land was suitable for grazing and part-mowing with good road access and the benefit of natural water. It exchanged hands for £108,000.

The second lot on offer was 1A Leek Road, Waterhouses, being a one bedroomed cottage with garden plot in

SDL Graham Penny is experiencing higher than normal demand for the bungalows going under the hammer in its next Leicester auction (tomorrow), in line with recent national property figures.

Recent figures from the National House Building Council show that only one in 63 new homes built in the past 12 months was a bungalow, a trend which is leading to higher demand for the house type as auctioneer and managing director at SDL Graham Penny, Andrew Parker explains:

“There is always some level of interest for bungalows in our auction rooms, however we’ve definitely seen an increase in the past few

Auction House North Wales is thrilled to have been named Best Small Auctioneer of the Year at the Auction House UK 2016 annual conference.

Auction House is the largest and fastest growing residential property auctioneer in the UK with branches across England, Scotland and Wales.

Claire Blezard, manager of Auction House North Wales is seen here being presented with their award.

Auction House North Wales holds regular auctions at The University Stadium, Bangor, home to Bangor Football Club with a wide variety of property types going under the hammer with experienced auctioneer, Mr Dafydd Hardy

If you need to sell your house fast with a guaranteed sale, auction could be for you.

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

The latest report from Acuitus suggests that some of the more excitable and negative headlines in the press, the result of the EU Referendum is yet to have a profound impact on the property financing landscape.  The below details some of their key findings: 

Commercial Investment Properties
The market seems to be split between high value loans and sub- £20m loans. All of the clearing banks and commercial investment lenders who are active in the sub-£20m category are demonstrating no change to terms or appetite. In fact, judging by the number of calls that Acuitus Finance has taken following

Mark Jenkinson and Son has declared ‘business as usual’ after seeing sales of nearly £4m from its first ‘post-Brexit’ auction.

The July auction saw 42 lots go under the hammer, with 36 sold and going for a total of £3.9million – a success rate of 86%, and outperforming the national industry average of 73%.

The firm’s sixth auction of the year means, in total, 169 lots have sold for £16.45 million to date – an overall success rate of 90%.

Adrian Little, Head of the Auction Department, said: “In the wake of Brexit, we went into the auction with a degree of apprehension. The success rate in the

Network Auctions' July auction sale has demonstrated that any rumours of the death of the UK property market post Brexit, have proven to be unfounded, with superb results posted at their two day sale.

They raised in excess of £5.7M at a success rate of 83%

Managing Director Toby Limbrick was delighted with the results admitting that he was understandably a little nervous as to whether buyers would commit to purchases post the Brexit announcement.

He said: “Despite the current political turmoil in the country and the potential uncertainty of the Brexit vote, good old bricks and mortar has, once

The latest Acuitus auction achieved strong results and raised £55.7m as investors targeted a wide range of commercial property. A total of 73 lots sold – 83% of those offered in the sale – with 20 achieving prices of more than £1m.

Acuitus auctioneer, Richard Auterac, commented: “In this time of economic uncertainty, the auction room enables investors to access the type of income returns which are not available through other investment media and that demand was vividly illustrated today.

“Interestingly, the mood of investors in the room was as upbeat as it was at our May auction.”

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