Allsop finds 59% of landlords charge below-market rents
More than half of private landlords are letting residential properties at below-market rents to keep tenants, according to a report by Allsop and research consultancy BDRC.
SDL Graham Penny achieves unusually high success rate
Leicester branch achieves 88% success rate, but £2.4m raised is 40% down on August 2017 auction result.
Harman Healy raises £3m from sale of 19 lots at latest auction
London-based auctioneer Harman Healy sold 19 of the 29 lots on offer at its sale on 9 August, raising £3m and achieving a 66% success rate.
Savills blames poor result on current economic conditions
Latest national auction raises £21m from 97-lot catalogue – £9.5m less than equivalent sale last year
Barnard Marcus £19m auction total slightly down on last year
Barnard Marcus raised £19m at its sixth auction of the year on 30 July, selling 112 lots of the 194 offered – a 58% success rate.
Resi auctioneers’ July sales markedly down year on year
Allsop sale raises £37m compared with £52m last year, while Auction House achieves half of July 2017 total.
Residential sales drag on Barnett Ross and Strettons results
Barnett Ross sold 36 lots of the 40 offered at its 17 July sale, reflecting a 90% success rate and raising £9.8m.
Hedge fund pioneer Lord Fink invests in proptech platform British Pearl
Prominent peer Lord Stanley Fink, often described as the “godfather of the hedge fund industry”, has invested £7m in proptech investment platform British Pearl.
Acuitus has best sale of year so far but is down on 2017
Auction house raises £37.3m from July sale compared with £52.4m last year and blames slump on retail woes.
Uncertainty surrounds anti-money laundering regulations
Almost one year on from the new AML directive coming into force, how have auctioneers have interpreted the rules.
