Auction house achieves 80% success rate at first sale of the year amid international financial instability
Strettons achieved a 91% success rate at its first sale of 2018, selling 85 lots of the 94 in its catalogue.
Barnard Marcus sold 133 lots from the 215 offered at its first auction of the year on 5 February.
A UK private investor has acquired 16-18 New Bridge Street, in the City of London, from a private Middle Eastern vendor for just under £20m.
Auction house will offer 262 lots at its 13 February sale including eight properties in Wimbledon.
Octopus Property and Acuitus Finance have launched a non-regulated bridging loan product for investors who buy at Acuitus auctions.
Landwood Property Auctions will hold both traditional and online sales and be led by Pugh’s James Ashworth.
The London Clinic has sold Vernon House for £15m to a private family office, marking the first time the freehold has been on the open market for more than 40 years.
The number of lots sold at Auction House auctions increased by 4% in 2017 making it the top UK residential auction house in terms of lots sold.