Lottie Bids's blog

Just a reminder to let you all know that the majority of the auctions for July have taken place, with a few remaining this week and early next. 

There are only a handful of property auctions taking place in August due to the summer break, with nationwide auctions recommencing properly from early September.  We will be displaying the Unsold (Available) Lots from the June and July auctions that have taken place, as and when the results are released by the auctioneers. So keep checking back to see if you can grab yourself a bargain post auction. 

New auction catalogues should start being released

Millions of pounds worth of local authority-owned land and property are expected to be sold off at a number of public auctions, it has been revealed.

Shropshire Council is planning to hold sales in Shrewsbury and London this year of assets it no longer needs in a bid to bring in £11 million this year. The authority has so far raised £2.5 million towards the target so far this year.

Although no details have yet been released, officials have confirmed that a property auction will be held at the Guildhall in Shrewsbury on 7th September, with a further auction will take place on 15 October.

Counci

Land very rarely comes up for sale in the Sopley area but on 18th July, Auctioneers Symonds & Sampson had three lots for sale right in the centre of the village.

Auctioneer Greg Ridout said, “The land was for sale on behalf of a local landowner who had held the land for a very long time.  We received a terrific amount of interest.

“The auction was held in the Village Hall as we were only expecting a handful of people but a crowd of 75 turned up, including people from a 30 mile radius.

“The prices that we achieved were quite astonishing showing just how much latent demand there is and we ended

Residential property prices in Ireland fell again last month, reversing a temporary upward trend in the housing market in May, the latest official statistics show.

Prices across the country fell by 1.1% in June and by 14.4% on annual basis, according to the Residential Property Price Index, which is compiled by the Central Statistics Office.

The monthly decline follows a 0.2% rise in May, the first monthly rise in nearly five years which some had hoped was a turning point in the long running trend of collapsing prices.

The figures, based on mortgage drawdown data supplied by banks, showed

The home of a man who dug a labyrinth of tunnels under his property in east London over a period of 40 years has been sold for £1.12m.

William Lyttle, 79, who earned the nickname Mole Man, had made tunnels up to 60ft (18.2m) long under the 20-room house in Mortimer Road, Hackney. He was evicted in 2006 and rehoused in a flat, where he died in June 2010.

The house, which he inherited, went under the hammer with a guide price of £750,000, the agent for the sale said.

Hackney Council discovered the network of tunnels under the house, which originally belonged to Mr Lyttle's parents, in 2006 and

While many are struggling in the UK to get onto the property ladder, the world's most expensive one-bedroom flat has gone on the market in Japan - for nearly £15million.

The luxury apartment, in Tokyo, being sold by Sotheby's Japan, is spread over more than 4,430 square feet of a condominium building in the Minami-Azabu district of west Tokyo.. The price means that 1 square foot of the property costs £3,320.33.

The apartment comes fully furnished with imported art and rare, custom-built furnishings from around the world. The owner purchased the penthouse brand new and spent 18 months

With external work on the Shard - a mixed-use 95-storey building, with offices, private residences, a five-star Shangri-La hotel and spa, restaurants and the capital’s highest viewing galleries – now complete, the controversial development has reached its complete height of 1016ft (309.6m) and the structure’s current silhouette will loom over London unaltered. In advance of its official inauguration today and a citywide laser show scheduled to celebrate the building tonight, its backers and lead architect Renzo Piano gathered at a press conference to discuss its development and their hopes for

First time buyer transactions rose by 28% in May to 16,170 following a sharp decline in April in the wake of the return of stamp duty for first time purchases, the latest figures from LSL Property Services.

The average price of a first time buyer property has also risen by 4.3% to £127,493 and the average LTV fell from 81.1% to 79.7%.

Wealthier buyers pushed up first time buyer prices in May and the affordability of both deposits and mortgage repayments improved on a monthly basis. Buyers had to pay less for properties in May than their counterparts in February and March who were pushed to

Mortgage rates in the UK are unlikely to rise too drastically in the coming months, it has been claimed.

Catherine Hearnden, director at MyMortgageDirect - which is an organisation run by independent financial advisers at Hearnden Associates - said she does not expect the levels too escalate too markedly because many standard variable rates (SVRs) are linked to the base rate.

Her comments come in response to new findings from the Bank of England, which found providers experienced a significant increase in demand for prime lending for house purchase in 2012's second quarter.

In addition, it was

Sales of top-end homes plunged by 40% as the Chancellor introduced a stamp duty hike on properties worth more than £2 million, new data by Land Registry revealed today.

The number of houses sold for more than £2million in March dropped to 124 from 205 the previous year, and a 7% stamp duty rate imposed on homes in this bracket towards the end of March, has caused estate agents to warn that some property chains would crumble as a result.

But George Osborne defended the move and said it was ‘fair when money is tight, and so many families could do with help, that those buying the most expensive