Allsop, the UK’s leading auction house, raised £71.2m selling 175 lots at their 29th October residential sale.

• High value lots selling well as buyers and sellers accept and factor in new stamp duty thresholds. Auctioneer Richard Adamson comments, “The appetite for properties located in central London is still as strong as ever, but as always this is price sensitive. It would also seem that both buyers and sellers are more accepting and comfortable with the new stamp duty thresholds. There were a number of properties that fell into this category, with the most notable being Lot 21 in Knightsbridge which sold for £3.33M in the room.”

• Permitted Development opportunities are increasingly popular. Adamson comments, “The proposed changes to the General Permitted Development order have resulted in renewed interest in buildings with PD rights. There were a total of five lots in the catalogue which all generated huge levels of interest pre auction and were all subsequently sold prior to the sale to developers.”

• Demand for ground rent investments continues to be very competitive amongst a wide spectrum of buyers including institutions, private pensions, private investors and other property professionals. Furthermore, the regulated tenancy market is as strong as ever with a number of keenly contested lots selling well above their reserves.

Allsop’s next residential sale will be held on Thursday 17th December 2015 at the Cumberland Hotel, Great Cumberland Place, London W1. Entries are now invited and the list will close on 23rd November 2015.​