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.