Savills Nottinghamshire February sale saw strong interest for both commercial and residential investment properties with some £1.5million raised to date in all sales pre, post and in auction.
Bob Crocker, auction manager and director at Savills Nottingham said: "The keen interest witnessed at this month's auction may be a reflection of the potential changes to stamp duty being considered by the Government for investment properties, with the confirmation of changes due to be made within the Chancellor's budget statement in March.
"It is taking these proposed changes into consideration that we
CPBigwood’s latest auction smashed all previous results boosted by the rush to beat the Government’s buy-to-let tax rise.
With a three per cent stamp duty surcharge coming into force on April 1, the Holte Suite at Aston Villa Football Club was packed.
Jonathan Hackett, head of auctions, said: “The level of interest from buyers wanting to get in before the deadline was very pronounced.
“The total sale was a staggering £17,569,500. It was just fantastic. There were well over 1,000 people in attendance with 800 prospective bidders registered, another record.”
If you're considering a house move and want to sell your property quickly, then auction might be right for you, if the price is right.
Selling property at auction is cost effective, simple, fast and stress free, so if you feel that this method of sale might be right for you, why not get the ball rolling and get in touch. We offer a free, no obligation appraisal to identify suitable properties and their worth, and if you decide to progress, then our auctioneers will advise you on everything that you need to know including setting the right reserve price, managing the viewings, and advising you
Romans’ first property auction of the year saw hundreds of buyers attend the Green Park Conference Centre in Reading to witness a catalogue of interesting and rare lots being sold.
“This was a terrific start to the year with 86% of the lots selling; a majority for significantly higher prices than their reserves” comments Simon Clayton, Romans’ Auctions Director.
Two of the most popular lots on the day were both in Reading; an attractive vacant Victorian terraced house on Wokingham Road sold for £61,000 above its guide price following a fierce bidding war, and another terraced property on
Innovative technology which turns any smart phone or tablet into an instant virtual tour filming kit is about to be launched in the UK.
Vieweet 360 combines a ‘fisheye’ lens and extending monopod with a revolutionary new App – all of which allows a virtual tour to be filmed, edited and shared with a potential buyer or tenant in a matter of minutes.
Vieweet co-founder Domenic Versace said: “Vieweet 360 is set to revolutionise the way property professionals create virtual tours. For the first time, they can get a complete virtual tour live online moments after the photographs have been taken
In the latest remarkable deal from London's property market, a small garage in upmarket Chelsea has been sold for more than twice the price of an average UK home.
The garage, which has just 146 sq/ft of space, was put up for sale by Savills Auctions last week in London with a guide price of £180,000.
It has an electric 'up and over' metal door and a security bollard to stop someone breaking in and driving off in the car parked inside.
Due to the chronic shortage of parking in the Royal Borough of Kensington and Chelsea, it ended up selling to an online bidder for £360,000 - almost twice the
A detached house with extension potential in Furnace and a traditional three-bedroom property on the edge of Llanelli town are just two of the lots up for auction at John Francis' first property auction of the year, being held next week.
Requiring refurbishment, this three bedroom property with car parking leading to single garage has gardens to front, rear and side elevations. There is the potential to extend (STP) offering an exciting opportunity for developers and investors alike. Situated in a popular location in the village of Furnace, the house benefits from easy access to Llanelli town
One of the UK's leading property auctioneers says the impending stamp duty hike due to come into force in April has been the major driver behind a record rise in lot entries this month.
Auction House, which has a branch in Chipping Sodbury, South Gloucestershire, says that 703 lots have been entered in its first round of auctions between 28 January and 26 February – a 13% rise compared to the same period last year.
Auctioneer Nick Cragg spoke of the boost in entries and said: "The Chancellor's introduction of an additional 3% stamp duty for investors and second-home owners has sent an
The first Acuitus auction of 2016 saw concerted investor buying of assets from all commercial property sectors as the sale raised £56.38m and 98% of the lots offered sold.
Of the 71 lots in the sale, 57 sold in the room and 12 prior at an overall average price of £817,000.
Acuitus auctioneer, Richard Auterac, commented: "We have been talking since last summer about the growing latent investor demand in the auction room and this was a tremendous illustration of that.
"We have been working painstakingly with sellers and their professional advisers to bring the right assets to the market at the
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
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