Acuitus has successfully auctioned close to £100m of property since the beginning of the year and is now taking lots for its next auction on July 9th.
Commenting on this week’s auction, Acuitus Chairman and Auctioneer, Richard Auterac, said: “The average lot price achieved in our May sale was £800,000, and this shows that it is often the higher value, higher quality assets which attract buyers.
“However, Acuitus is focused on bringing a wide range of properties to the market whether they are prime investments or properties that will repay active asset management. The auction room currently
Potential homebuyers are being squeezed out of the property market as soaring demand coupled with few homes for sale has made it harder to find an affordable first step on the ladder.
Those aged over 30 made up 94% of successful homebuyers in the last month, meaning just 6% were aged 18 to 30, according to a report by the National Association of Estate Agents.
While buyers may not be getting any younger, first-time buyers are increasing in number – 28% of all completed sales last month were to those getting onto the ladder for the first time, a slight increase on the figure of 25% recorded in
Average house prices in seaside towns in the UK have increased by £500 per month since 2004 and five have seen prices more than double, according to new research from the Halifax.
The average rise of 42% over the last decade has taken the price in seaside locations to £196,826 with the most expensive in Salcombe and Sandbanks in the south west of England.
In Salcombe in Devon, an area of outstanding natural beauty, average prices increased to £615,344 and Sandbanks in Dorset they reached £574,089, making them the two most expensive seaside towns to buy in.
London is to become the world’s most expensive address with property prices set to hit £10,000 per square foot.
Research by property agents Beauchamp Estates has found that Knightsbridge remains London’s most expensive address, with top sales achieving values of over £7,000 per sqft. There have been 145 sales in Knightsbridge over the last 12 months with values averaging £2,212 per sqft and sales above £5m averaging £2,714 per sqft.
At number two is Belgravia where top sales achieve values of £6,500 to £7,000 per sqft. There have been 140 sales in Belgravia over the last 12 months with values
As the housing market continues its recovery, the National Association of Estate Agents (NAEA) has released statistics about the home extensions which are most likely to add value to a property.
Research conducted as a part of NAEA’s latest monthly housing market report revealed that almost half of estate agents say adding an extra bedroom – usually by converting loft space – is the best way of adding value to a property.
While an additional bedroom fundamentally changes the description of a property, other less drastic changes can also have significant, positive effects on value, according to
HSBC's latest report reveals that rental yields in Reading and Brighton are the fastest growing in the UK as young professionals move out of London, but that Southampton is the number one opportunity for investors seeking rental income, with 8.73% yields available.
Dan Johnson of Themovechannel.com writes that returns have soared in Reading and Brighton by 12.8% and 12.6% respectively in the past year, but stand at 5.48% and 6.17%, far below those of Southampton.
The city’s standings is helped by the relatively inexpensive house prices, as well as strong rental demand driven by its position on
Loans to first-time buyers in Wales have risen by 30% compared to the same time last year, latest figures show.
The Council of Mortgage Lenders said the change was significant, and the figures suggested the upward trend would continue.
Overall lending for all types of buyers was up by 22% compared to the first quarter of 2013. The figures showed a fall compared to the last quarter of 2013 but were an "expected seasonal dip", the CML said.
The typical loan for first-time buyers in Wales was £98,000, significantly lower than the UK average of £118,750.
Thinking about selling up and want to know how much your property might be worth at auction? If so, why not send us a few details about your property, and one of our auctioneers will give you a ring, to chat further about your requirements.
Selling a property by auction is easier than many people think, and the prices that we achieve are usually higher than expected too. Our auction partners have sold more than 2,500 properties throughout the UK, over the past 12 months; that's more than any other auctioneer since, well since auctions started! This year the aim is to surpass 3000 sales!
Five seaside towns in Aberdeenshire have recorded at least a doubling in house prices since 2004, a report by Halifax has found.
Fraserburgh experienced the biggest rise with a 141% increase - from an average price of jut over £53,600 in 2004 to more than £129,000 in 2014. Cove Bay, Peterhead, Inverbervie and Stonehaven saw the next biggest gains.
In the UK as a whole, house prices in seaside towns have risen by about £500 a month over the last decade.
But Halifax found that coastal living was still significantly cheaper than property prices across Britain generally.
Newbiggin-by-the-Sea in
Moving Home
UK Auction List works with our partner, Really Moving to provide everything you need for a stress-free move.