Property auctions thrive as investors seize lucrative opportunities

Property investment remains robust as leading auction houses Allsop and Acuitus report impressive results in their latest sales, reflecting strong investor interest despite economic uncertainties.

Allsop’s record-setting performance

Allsop raised £87.8 million in two major auctions this month:

  • Commercial auction: £51 million from 63 lots at an 80% success rate. Year-to-date, Allsop’s commercial auctions have raised £413 million from 526 lots, with 119 achieving prices above £1 million.
  •  Residential auction: £36.8 million from 82 lots at a 78% success rate, including eight lots selling for over £1 million.

Acuitus capitalises on supermarket and ground rent demand

Acuitus achieved a 95% success rate, raising £13.55 million in its latest auction, with supermarket investments and commercial ground rents in high demand.

Jon Skerry of Acuitus remarks:
“Our recent sale saw an unprecedented 120 registered bidders for a portfolio of ground rents, underlining the enduring appeal of high-quality, income-generating assets. These once-in-a-lifetime opportunities drew significant interest from seasoned investors.”

Looking ahead

Both Allsop and Acuitus have scheduled final auctions for December, offering investors one last chance to secure high-value assets in 2024.

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Property auctions soar as Allsop raises £87.8m and Acuitus achieves a 95% success rate. Discover why investors are flocking to high-yield opportunities amid improving market sentiment.