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Auction House London achieved a sales success rate of 87.9% in 2014 - the highest figure reached by any property auctioneer in the UK last year.

According to the latest data, the average success rate in the residential auction sector is 80% - a figure exceeded by Auction House, which sold 87.9% of all homes it listed.

Coming in second and third were Clive Emson at 87% and Allsop Residential at 85.3%.

Auction House London also jumped from tenth to sixth place in the amount of money raised through sales, bringing in £94m in 2014, compared to £54m the year before.

Auctioneer Andrew Binstock puts

Transport for London (TfL) has become the latest to get involved, making a serious bid to become one of the capital’s property supremos.

More than 500 sites owned by TFL across London, including its former headquarters in a Grade-I listed building in St James’s Park, are set to be redeveloped into penthouse properties, new homes and retail space to raise billions of pounds for the capital’s transport network.

TFL will turn property developer to build on some of the 200m sq ft of land it owns, beginning with 10m sq ft at 50 locations across the city.

The development of the first 10m sq ft is

New figures show prices in part of South London jumped by more than 20% last year as more Londoners compromise on a central location in return for more living space.

Prices in Balham outpaced the rest of London in 2014 with 21% annual growth, according to estate agent Marsh & Parsons’ latest London Property Monitor.

Figures show the average Prime London home has risen in value by £95,000 in the past twelve months. But house prices in cheaper Balham have jumped £152,000 over the same period.

Balham, famously lampooned by Peter Sellers as the “Gateway to the South”, where nothing happens apart

With property prices rising just 0.4% over January, the North East housing market seems to be experiencing a tough start to the year.

The tiny (but welcome) rise puts to an end three consecutive months of falling house prices in the region. The average cost of a home in the NOrth East now stands at £144,872 - the lowest levels for nine months.

The overall fastest riser in the region was Blyth, which managed to rack-up 3.1% growth. Tynemouth and North Shields picked up 1.3% and 1.2% respectively. Matching Tynemouth on 1.2% was Gateshead, with Durham City (1%) and Sunderland (0.9%) closely

Foxtons, the high profile London estate agency, says its income from home sales fell sharply at the end of last year.

Commission earned on sales in the last three months of 2014 was 26% lower than in the same period the year before.

The agency explained that the London property market had been cooling off after reaching a peak of activity during 2013.

And it predicted that its sales would be unlikely to rise again until after the forthcoming general election.

"The long term fundamentals of the London market remain sound," it said.

"We do not anticipate a recovery in sales volumes until after

A man in Western Sydney has put a $1 reserve on his four-bedroom house.

The 33-year-old transport worker wanted his house at 230 Blacktown Road in Blacktown, Western Sydney to go out with a bang and do something memorable in the run up to its auction, deciding to call his agent and lock in the reserve price of $1.

Despite his agent telling him it was a bad idea, Mr Tyagi went ahead with his plan, claiming he wanted to do something special and believes he will make a huge profit.

'My family think I'm crazy, my wife thinks I'm nuts,' Mr Tyagi told Daily Mail Australia.

'We wanted to do

Paragon Mortgages recorded a 58.4% year-on-year increase in buy-to-let lending in the first quarter of its financial year beginning October 2014 as lending volumes rose from £140.2m to £222.1m.

Its operating profits increased 14.9% in the first quarter last year, rising from £26.9m to £30.9m for the quarter to 31 December 2014.

According to the Council of Mortgage Lenders' figures released in December, buy-to-let figures in October enjoyed a year-on-year increase in loans of 22% and value of 29%, with lending of £2.7bn and 19,600 loan transactions.

John Heron, managing director of Paragon

Agents Property Auction has been in the limelight again after securing the sale of a luxury 25-bedroom Northumberland Hotel.

Otterburn Hall Hotel, which closed suddenly three years ago, was sold at auction for £300,000, at the Agents Property Auction’s latest event on Monday, at the Marriott Hotel, Gosforth..

In the auction catalogue, the description of the hall read: “A rare and unusual opportunity to purchase a magnificent 25 bedroomed, Grade II listed hotel, within the Otterburn Hall Estate on the edge of the village of Otterburn and surrounded by the magnificent countryside of

A couple who converted a pig barn into their dream home have been forced to rip it apart after they failed to apply for planning permission.

Heath Acre Barn, located down a track in Chedgrave, near Loddon, will now go under the hammer at a guide price of £20,000 to £40,000, although prospective buyers have been warned it cannot be used for residential purposes.

The couple, who did not wish to be named, moved into the barn in 2008 but did not apply for planning permission to turn it into a home.

After the Broads Authority became aware of the situation, they asked the couple to remove the

The latest data released by Balgores Property Group has shown that average house prices in Essex gained an impressive 14% over the course of last year, ahead of the national average house price growth of 12.5% reported by ONS.

The last 12 months have seen house prices rise steadily across England with prices in Basildon seeing one of the the highest increases at 20% year-on-year growth. Chelmsford was up by 19%; Upminster gained 16%; Romford 13%; Hornchurch by 9% and average properties in Brentwood grew by 8%. 

The average house price in Essex stood at £312,067 in 2014, well above the above