Allsop Residential auctions raise £53m

first_imgAllsop posted a £53million sales result at its final residential auction of the financial year at the end of March.This brings the UK residential sales total for 2015/16 to £470million – £981million including UK commercial sales.Of the 253 lots on offer in March, the majority – 31 per cent of the total – were situated in London.Partner and auctioneer, Gary Murphy, said, “We were are aware of uncertainty in the market leading up to this sale, not least as a result of stamp duty and tax relief changes affecting the buy-to-let sector.Whilst it’s clear that the new rules will affect the buying and selling decisions of many investors – particularly those with higher borrowing requirements – the word in the room was that the show must go on. There will be adjustments to pricing but, after that, investment demand is sustained.”Allsop Residential auctions auctioneers auctions May 14, 2016The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles 40% of tenants planning a move now that Covid has eased says Nationwide3rd May 2021 Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 Home » News » Allsop Residential auctions raise £53m previous nextProducts & ServicesAllsop Residential auctions raise £53mThe Negotiator14th May 20160629 Viewslast_img read more