Despite a background of projected higher UK inflation and also the extension of the commercial eviction moratorium, Acuitus raised £22.8m with a success rate of 95% at its June auction.
Acuitus Chairman and Auctioneer, Richard Auterac, commented: “Investors have been increasingly reappraising their investments in anticipation of an inflationary environment and are rightly worried that the 0.1 per cent they receive from their banks will be woefully inadequate.
“By comparison, the returns from strong commercial property investments look increasingly attractive.
“The news of the
Auction House has announced its highest-ever monthly sales total, with its sales in May alone exceeding £70m (£70,309,251).
The group sold 397 properties from 466 properties offered under the hammer last month, at an impressive success rate of 85.2%.
This means that so far this year the group has sold 1,395 lots from 1,709 offered, at a success rate of 81.6%, and has raised a total of over £220m (£221,674,003).
Commenting on the figures, Auction House Managing Director Jeremy Prior said: “Not only has Auction House continued to sell more properties every year than any
SDL Property Auctions is offering a hassle-free way to secure your next property, as supply issues on the open market pave the way for the return of gazumping.
Launching its latest interactive digital catalogue of around 200 lots, the UK’s most successful live-streamed auctioneer promises buyers in this month’s National Property Auction a smooth experience with a fixed completion date and no gazumping.
Featuring homes with *guide prices ranging from £1,000+ to £1,000,000+, the catalogue offers properties for all budgets in all parts of the country, from a plot of land on Orkney down
Leading land agent Aston Mead has questioned new recommendations to penalise developers who fail to build new homes on sites they have acquired, despite having been given planning permission.
The suggestions have been made in a wide-ranging report on the government's proposed planning changes, published by the Housing, Communities and Local Government (HCLG) Committee.
The report urges the government to ‘set a limit of 18 months following discharge of planning conditions for work to commence on site’, after which permission ‘may be revoked’. Following a further 18 months for
Moving House Checklist
If you’re moving house, the first thing to do is finalise your moving date, and then you can start ticking things off your checklist. Use our guide below so you don’t forget anything:
Four weeks before you move house:
- Book a removals company as soon as possible. This will guarantee you get the date and the company you want. Keep in mind that weekend moves are likely to be more expensive.
- Check your home contents insurance policy to see what cover you have regarding moving home. Your removal company may provide this if you are not covered.
- Arrange for
May Madness at Sutton Kersh Auctions as they sell over £12 million worth of property
Sutton Kersh Auctions held their 3rd auction of the year on 27th May with over 500 bidders registered. The team had 151 properties listed for the auction and sold just under £4 million pounds worth of property prior to the live streamed event. A further £8 million pounds worth of property was sold on the day, equating to 85% of Lots offered being sold.
The auction started of strong, with the first Lot offered, selling for £46,000 over the guide price. It was a 3 bed, 3 storey end terraced house in L13
The Acuitus auction on June 16th will feature 58-lots with guide prices ranging from £50,000 – £1.5m+.
The vast majority of lots offered are located in some of the UK’s most vibrant centres, with the sale offering a wide range of mixed use & development opportunities as well as convenience store, pharmacy, medical, banking and retail investments in London locations including Whitecross Street (EC1), Holloway (N7), Clapham (SW4/SW7), Wanstead (E11) & Uxbridge (UB8) and outside London in centres including Stratford-upon-Avon, Bicester & Wells.
Acuitus Chairman, Richard Auterac, comments:
There has been no sign of any dip in demand for SDL Property Auctions, which continued to break its own records as another successful month came to a close.
The UK’s most successful live-streamed property auctioneer ended the month with a total of more than £26.7 million raised for sellers – an impressive 28% more than its May 2020 total.
The figure was raised through its live-streamed Auction Events, daily Timed Auctions and Buy It Now sales and featured properties from a tiny retail unit in Barnsley which sold in the National Property Auction for £24,500 from a *guide price
Auction House London has broken all its own records with its highest ever single auction, raising more than £31m (£31,159,750) in its recent sale (Thurs 6 May 2021)
More than one thousand bidders took part in the mammoth livestream auction led by auctioneer and director of Auction House London, Andrew Binstock. 115 lots were offered with 90% of stock selling.
The auction got off to a fast impressive start with Lot 1 setting the pace. The modern 5 bedroom terrace in Colindale, north west London needed a little updating and was guided at £250,000. Two tenacious bidders pushed each other
After another marathon online, live-streamed auction starting at 8.30am, Bond Wolfe Auctions has set a new company record for the most lots offered in a day in its May auction.
The event saw 201 lots sold from the 220 offered, representing a success rate of 92% and raising over £23.5 million in sales.
The build up to the auction reflected the increasing regional, national and global demand for property with 797,107 website page views, 162,792 video tours and 68,228 legal packs downloaded.
Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “The easing of some lockdown