Leading land agent Aston Mead Land & Planning says that the UK property market is now running at two speeds, in which second-hand properties stagnate while the sale of new homes continues to rise.
The company’s comments come after the Royal Institution of Chartered Surveyors (Rics) predicted a “fairly flat” market in the months ahead, whilst the UK’s largest house builder Barratt released figures indicating that it will build more homes in 2017 than the in the previous eight years.
Aston Mead Land & Planning Director Adam Hesse said: “A clear line is starting to divide the property market into
Commercial and investment opportunities abound at SDL Auctions Graham Penny’s next auction at Pride Park, Derby, on Thursday, 8 June.
SDL Auctions Graham Penny is offering 72 lots in total including a substantial retail investment opportunity at 98 High Street, Burton-on-Trent.
It is offered for sale at the very attractive guide price of £68,000+* and is a substantial three-storey, mid-terraced retail property with ground floor sales area and ancillary store or office space.
It has further accommodation on the upper floor and in the detached outbuilding, both offering the potential for
Following their third property auction of the year, the number of lots offered by Romans at public auction climbed to 36, greatly exceeding the number of properties offered by other local auctioneers.
As you might expect, Romans have sold property in the areas where they have local offices in Berkshire, Hampshire and Surrey, but you may be surprised to know that they have also successfully sold lots much further afield in Buckinghamshire, East Sussex, West Sussex, and Dorset and are continuing to increase their share of the auction market in the South East.
Property auctions can be a great place to pick up a 'bargain', whether you are looking for a home or an investment.
As well as being a quick and relatively hassle free way to buy a home, no driving around viewing endless houses, no negotiations, and no last minute fall through if the house sellers get a better offer, the auction process is easy. You simply look through the auction catalogue, find a property you like, arrange a viewing and do some research, and show up prepared on auction day.
However, buying at a property auction does require careful planning. Thousands of properties are sold
SDL Bigwood’s May auction got off to a flying start when the very first lot sold for 220 per cent of its guide price.
The Cottage, Spirehouse Lane, in Blackwell near Bromsgrove achieved £275,000 from a guide price of £125,000.
Gurpreet Bassi, partner and head of auctions Midlands, said that set the tone for the day in the 124 auction that totalled just under £9.2 million with a success rate of 85 per cent.
The auction saw 100 per cent of lots offered on behalf of Birmingham City Council sold and the story was the same for all of the lots offered on behalf of Solihull Metropolitan Borough
The main advantage of buying a property at auction is that you avoid the lengthy process of buying a house in the traditional way. At auction, the process happens in a matter of minutes rather than months and when the hammer falls, you own the property.
The other many benefits of buying property at auction are listed below. If these don't convince you, nothing will!
Low prices
Auctions really do offer the chance to secure property at bargain prices. Thousands of properties are sold at auction in the UK every year - and many are hard to value, meaning they often sell at below market value
A large apartment block will be auctioned in Derby early next month, along with dozens of houses, commercial property and prime land for development across the Midlands.
Spinney Lodge at Fauld Camp, Fauld, Tutbury near Burton on Trent is currently the largest property scheduled for the SDL Auctions Graham Penny Derbyshire auction on Thursday 8th June.
Spinney Lodge is a substantial, purpose-built apartment block currently containing five one-bedroomed and three two-bedroomed self-contained flats, with a *guide price of £395,000+.
The detached freehold property is in the small rural village of
Award-winning national property auctioneer Auction House has announced sales figures for the first quarter of this year which precisely match the record results achieved during the same period in 2016.
By the time the hammer came down in its final March auction of 2017, the group had sold a total of 701 properties - exactly equalling the total sold in the first quarter of last year, when the market was surging in advance of the additional 3% Stamp Duty for landlords and second-home buyers, which came into effect in April.
Commenting on the figures, Auction Manage Claire Blezard said: “Not only
AUCTION FINANCE is a great way for property developers to secure a below-market-value property, often from a motivated seller. It could even be suitable for first-time developers too, if you’ve got the right expectations from the beginning.
Putting up your hand and bidding on a property worth hundreds of thousands of pounds is a daunting prospect, even for experienced auction-goers. If you make the winning bid, you'll usually have to pay a non-refundable deposit on the day, and you'll have 28 days to pay the balance.
That means that the timeframe for auctions is much shorter than the
Award-winning property auctioneer Auction House is putting its increasing success rates down to its network of 40 regional sales rooms around the UK, each of which supports its own local area.
The group’s sales figures for April 2017 indicate a 74% success rate – a 2% jump compared to the same period last year – despite additional levels of uncertainty caused by Brexit and the forthcoming General Election.
Auction House Founding Director Roger Lake said: “Our 40 conveniently-located auction rooms around the country mean we attract bigger than average audiences compared to other auctioneers
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