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Our May 21st Commercial Auction was the biggest sale since October 2011 raising £49.1M, a 10% increase over March. 

The overall mood was one of measured caution: buyers continue to chase quality, both for good locations and strong income flows. However, accurate pricing is key, and there were a number of ambitiously priced investments which were left unsold. The success rate at 65% shifted our average for the year down to 74% against an industry average of 66% (EI Group). 

We have shown some examples of the range of lots that we sold, and set out the regional spread of sales. There was a bias to London and the South East, but over £13m was sold in the regions, from Cornwall to Scotland, with 61% of the buyers being based within 30 miles of the property purchased. 

It is encouraging that our buyers are clearly able to access finance, with 30% of those that we asked using bank lending to support their purchases.

Please watch our video below for market commentary and analysis from our latest auction results:


 

Link to video–> http://vimeo.com/42965965

 

Notes to editor

Allsop is an independent property consultancy with a market-leading reputation for high quality service, integrity and innovation. We are also well known as the UK’s largest and most successful auction house.  Our success is built on over 100 years’ experience in commercial and residential property consultancy and sales.


Notes to editor

Allsop is an independent property consultancy with a market-leading reputation for high quality service, integrity and innovation. We are also well known as the UK’s largest and most successful auction house.  Our success is built on over 100 years’ experience in commercial and residential property consultancy and sales.

Contact

To arrange an interview or for the supply high resolution images or further information please contact Anna Jones
Anna.Jones@allsop.co.uk
020 7543 6728