The post-Brexit market didn’t deter hundreds of buyers and sellers who attended Romans’ fourth auction of the year at the Green Park Conference Centre in Reading.

Buyers and sellers witnessed fierce bidding on a varied catalogue of properties and land which resulted in 80% of the lots being sold on the day; many for prices significantly higher than their guides. One passionate buyer even got up from his seat during a bout of very competitive bidding so that the auctioneer could see him better.

“We were unsure how the sale would unfold, being so soon after the EU Referendum, however as I offered the first lot it became very obvious that people had come to buy and were not just here to window shop” comments Simon Clayton, Romans’ Auctions Director.

“There has been a lot of talk in the press about prices softening and some nervousness in the market, but we didn’t experience that today. In fact the demand seems to be stronger than ever. It was business as usual.

“It’s all about supply and demand and the market is currently short of stock. Shrewd investors are not taking the risk of waiting to see if prices fall and can see the benefit of playing the long game.”

Popular lots included a mid-terraced house in Toll Gardens in Bracknell. The property does require modernisation yet it still sold for £94,000 above its guide price following a fierce bidding war. In Aldershot, on St Georges Road, a period terraced house requiring significant renovation sold for £247,000 from a guide price of £150,000.

Another sought-after property offering great potential for improvement and extension was a vacant, period, semi-detached house on Wimbourne Avenue in Banbury which sold for £202,000.

In the popular village of Shiplake near Henley-on-Thames a parcel of land on Crowsley Road with no planning permission went under the hammer. After a lengthy period of bidding the ¼ acre plot sold for £125,000, an incredible £85,000 above its guide price.

Over in Wokingham, a plot of amenity land in Honey Hill achieved an impressive £72,000 more than its guide price of £125,000.

Simon adds: “It was fantastic to witness these high levels of demand for quality stock and we expect this to continue throughout the summer.”