Leading land agents Aston Mead are advising anyone who is considering selling land to do so as soon as possible, before the UK government introduces tax rises to help pay for the Coronavirus crisis.
The Chancellor Rishi Sunak has already warned that “hard choices” will need to be made, after the state pumped over £200bn extra into the economy to support jobs, business and incomes. Meanwhile, the Institute for Fiscal Studies has said borrowing will hit levels not previously seen in peacetime, which will mean that tax rises of more than £40bn a year are “all but inevitable”.
Having kept the property market moving throughout the pandemic with its market-leading live-streamed auctions, SDL Property Auctions is starting the year strong by launching its first auction catalogue of 2021.
The auctioneer achieved huge success in 2020, adapting to the challenges of the coronavirus crisis and becoming the UK’s most successful live-streamed auctioneer. It continues to build on this success in 2021, with the launch of a 188-lot catalogue ahead of its first National Property Auction of the year.
The auction, which takes place on Thursday 28th January, will be live
Auction House UK is reporting its best-ever annual success rate of 79.2% - meaning that during 2020 it successfully sold four out of every five properties it offered.
The group also sold more than 3,300 auction lots for the fifth year in succession (3,304 from 4,171 offered), to stay top of the leader board of major auctioneers and raised an impressive total of more than £447m (£447,301,318) – up from £439m in 2019.
Commenting on the figures, Auction House Founding Director Roger Lake said: “2020 was a spectacular year for us. Despite the property market closing for over six weeks
SDL Property Auctions has invested in the next generation of industry experts by taking on three apprentices.
Ella Scott, Genevieve Cooper and Eleanor Carty, all aged 19, are receiving vocational training in all aspects of the business while working towards NAEA Propertymark qualifications.
Commercial director Louise Moss said: “There are many different opportunities in the business so we don’t want to pigeonhole them into one particular role; we want to play to their strengths to find a place in the business for their unique talents so that hopefully they will be with us for many
The newly-appointed chief operating officer (COO) of Bond Wolfe Auctions first started in the business as an office junior in 1992.
Sue Randell has been promoted from operations and marketing director to COO at the fast expanding national auction business.
She began her career within the Bond Wolfe group of companies at the age of 16 and worked her way up the residential and commercial agency team before moving into the auctions department in 1999.
She said: “I have worked with the current team at Bond Wolfe Auctions since 2007, when the auction department merged with Bigwood
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SDL Property Auctions ended 2020 on a high note after achieving extraordinary results in the face of the challenges of the coronavirus pandemic.
As Timed Auctions continued uninterrupted on the company’s website, the National Property Auctions calendar came to a successful conclusion with another live-streamed Auction Event.
The final National Property Auction of the year was conducted by auctioneers Andrew Parker and Rory Daly from the company’s head office auction studio, with enthusiastic bidding over the telephone and internet – as well as proxy bids – for a catalogue of more than
With a set of results no one could have predicted at the start of the year, Bond Wolfe Auctions has finished 2020 with a flourish.
Despite concerns over Brexit and the coronavirus pandemic, the Birmingham-based auction business finished its second year 36% up, offering 1,135 lots, raising £111.3 million in sales (2019 - £81.4 million) with an average success rate of 94%.
Chief executive Gurpreet Bassi said: “We started 2020 with real optimism following the success of our first year in which we raised over £81.4 million.
“In February, we held the largest-ever Midlands auction, raising
As part of its continued drive to keep its auctions transparent and accessible to all, SDL Property Auctions has introduced a summary sheet of fees for all of its lots, and is urging other auction houses to follow suit.
The information, which is in each property’s legal pack, details exactly what fees are payable by the buyer, so they have a clear understanding of any extra costs before bidding, helping to avoid any surprises upon completion.
The auctions industry has seen rapid growth as a result of the pandemic, as both buyers and sellers seek speed, certainty and socially distant
We wish you all a Merry Christmas and hope that you all keep safe and well.
The team at UK Auction List are taking a break now, as it's been a pretty exhausting year, with adapting to the "new norm" and the launch of our new website (which we hope that you like!).
Auctions have finished for 2020, and auctioneers will start releasing their new catalogues of 2021 from early-mid January onwards. We will start uploading properties into our database as soon as these catalogues are sent to us!
Hopefully as the new year progresses, we will see auctions slowly return to the room, so that