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TheCountOfNowhere

Allsop Auction Update

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Had a auction status email from Allsop in my inbox today:

"

Allsop Residential reported a major two-day sale this month raising £43.4m from the sale of 358 lots. The success rate stands at 78% at the time of writing, significantly higher than the 61.4% national average for June this year (Source: Essential Information Group). "

I think that's a big drop from the last one from what I remember.

The national average is looking low.

Have people stopped buhying at auction, again?

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Had a auction status email from Allsop in my inbox today:

"   

Allsop Residential reported a major two-day sale this month raising £43.4m from the sale of 358 lots. The success rate stands at 78% at the time of writing, significantly higher than the 61.4% national average for June this year (Source: Essential Information Group). "

I think that's a big drop from the last one from what I remember.

The national average is looking low.

Have people stopped buhying at auction, again?

Well it has been easier to sell in the open market between January and June.

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Have people stopped buhying at auction, again?

If you're looking for soemthing cheap then the buyer's premium - min £5k is common - is very off-putting.

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If you're looking for soemthing cheap then the buyer's premium - min £5k is common - is very off-putting.

I don't know of any auctions who charge this much. Allsops is 500 pounds.

tim

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I find it interesting they compare the figures to other auction houses, not their own.

Not residential, but propertyweek has a different take on it. Certainly i thought sucess rates were usually up in the high 80s/low 90s %

http://www.propertyweek.com/allsop-raises-%C2%A351m-but-success-falls-to-66-at-fourth-auction/5002322.article

Allsop raised £51m from 136 lots at its fourth commercial auction of the year yesterday, a success rate of 66%.

Before yesterday’s sale Allsop had an average success rate of 84%.

Equity partner George Walker said: “It was a difficult day. It is a toughening market but 66% was a bit disappointing. The room was quieter than we would have liked.”

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I don't know of any auctions who charge this much. Allsops is 500 pounds.

tim

I've been misinfomred then, here's one from another thread so maybe £5k is unusual rather than common then.

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Had a auction status email from Allsop in my inbox today:

"

Allsop Residential reported a major two-day sale this month raising £43.4m from the sale of 358 lots. The success rate stands at 78% at the time of writing, significantly higher than the 61.4% national average for June this year (Source: Essential Information Group). "

I think that's a big drop from the last one from what I remember.

The national average is looking low.

Have people stopped buhying at auction, again?

http://www.auction.co.uk/residential/LotDetails.asp?A=640&MP=84&ID=640000028&S=L&O=A

Available for £395k

A quick check shows this is 25% less than peak prices for that road.

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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