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Auction House, the UK’s largest auctioneer, has announced record first half results for 2015, as the number of lot entries for the group hits an all time high.

Between January and June the award-wining auctioneer sold 1,415 lots through its national network of 40 auction rooms – a figure which is 14% up on the same period last year – representing a success rate of 76% and raising £179m in the process. Meanwhile, a record 726 auction lots are catalogued to be offered in July - a 10% increase on the group’s previous highest monthly total.

Commenting on the figures, Auction House Founding

Graham Penny Auctions, the most successful property auction house in Derbyshire, is set to top £20 million in sales for the year so far as more than 65 lots go under the hammer this month.

The auction, on Tuesday 21st July at the iPro Stadium, is the auction house’s fourth of the year and features a catalogue of 68 residential property, commercial property and land lots from across Derbyshire and the rest of the UK.

Andrew Parker, director at Graham Penny Auctions, commented: “This month we have another packed catalogue of properties which have been attracting huge interest from buyers within

A private auction run by Auction House London this week (Monday 13 July 2015) raised more than £3m ahead of the brand’s main auction next week.

The four mixed commercial, retail and residential properties on Queensbridge Road, Hackney are part of an established parade of shops in the East London borough. The sale was held at a pub opposite Auction House London’s premises in NW8. Hammer prices raised ranged from £224,000 to £1,582,500, totalling £3,091,500.

Managing Director and Auctioneer, Andrew Binstock said, “It just goes to prove that the auction model works equally well in a more

Symonds & Sampson have enjoyed success with two property auctions held over the last couple of weeks.

On the 24th June, Yarde Farm at Churchill, between Axminster and Chard was offered for sale. The property had been in the Perring family for over 100 years and, since Miss Perring passed away, had been empty for about 8 years.

The farmhouse was listed Grade II and required full renovation, there was also an attached barn, farm buildings and just over 12 acres of land.  With nearly 50 viewings taking place, there was a busy auction room.  The guide price of £450,000 to £500,000 was easily

Another staggeringly successful CPBigwood auction as property prices hit fresh peaks.

Held at the Holte Suite, Aston Villa, it achieved £14,224,550 inclusive of prior sales, in the room deals and post event transactions.

This represented an 87 per cent success rate on the back of 2,500 viewings.

Jonathan Hackett, partner and head of auctions, said: “It was a remarkable auction. Just fantastic.

“Guide prices were being smashed left, right and centre. Bidding was hot.”

Before this year, CPBigwood's previous record auction took place in February 2014 which raised just over £13 million. All three

The mews property in Sefton village is in need of some updating, but does benefit from central heating, garage and an open aspect to the rear. The guide price is £220,000 to £240,000.

Cathy Holt, joint head of auctions at Sutton Kersh says: ‘This is a unique property in a popular location close to Maghull town centre, with easy access to the M57 and M58 motorway connection, and the main A59 into Liverpool city centre. I expect there to be plenty of interest.’

Meanwhile a vacant there bedroom semi-detached house on Bowring Park Road in Liverpool which could suit occupation, investment or resale

The freehold of the O2 Academy is one of 10 being auctioned by Newcastle City Council this monday, with a guide price of £625,000 and is expected to fetch more than £2m.

Run by Academy Music Group, the building has played host to scores of acts over the last 10 years, including the Prodigy, Paloma Faith and Rita Ora.

The venue’s operations will not be changed but its freehold is set to go under the hammer at a London auction, with commercial property specialists Lambert Smith Hampton acting as agents.

The firm said it represents a freehold ground rent investment, with six years left on a 99

UK house prices have increased by an average of £11,500 over the12 months to May 2015 with seven cities in the South of England significantly outperforming this level, the latest index from Hometrack shows.

The average house in a city now costs £189,400 with London more than double this figure at £425,700, with month on month basis prices increased by 0.8% in May which is 3.8% above the peak of the market in 2007.

Oxford has recorded the highest rise in the last 12 months with growth of £41,700, nearly quadruple the UK average of £11,500, followed by London at £38,900, Cambridge at £23,900

Auction House London is holding a private auction with four lots on Monday 13 July ahead of its main auction mirroring the Australian auction system where properties are sold on site or nearby as they come onto the market.

Auction House London director, Jamie Royston said, “In this case this was the best option for the owner who is selling the four commercial and residential properties in Queensbridge Road, Hackney. This method is similar to the Australian idea and with the increasing popularity of selling by auction we are able to be more flexible on how and when we auction property.”

This

George Osborne will unveil plans in the Budget to end inheritance tax on properties worth up to £1m, at last fulfilling a Conservative pledge first made seven years ago.

He is expected to tell MPs on Wednesday that the threshold at which the tax is levied will rise for couples from £650,000 after April 2017.

The broad proposals were in the Tory manifesto but have since been tweaked to ensure that pensioners will be able to downsize their home without worrying about their offspring missing out on the tax break.

The allowance will be transferable on the death of one spouse and added to the