Allsop's latest residential auction raises over £78m

UK auction house, Allsop has announced that its November auction was the largest sale since February 2018 and yielded a success rate of 84%.

Related topics:  Auctions,  Property,  Allsop
Property | Reporter
14th November 2023
Auction 822
"We are delighted with the results of our latest residential auction, our largest and most successful since February 2018"
- Richard Adamson - Allsop

Allsop revealed that with over 500 lots on offer, the auction was delivered over three days and resulted in a success rate of 84%, with 13 lots having sold for more than £1m.

The success of the residential sale in November, alongside the firm’s commercial auction on 31 October, means that Allsop raised more than £135 million through the sale of 354 residential, commercial and mixed-use lots in the space of 10 days.

Richard Adamson, partner and residential auctioneer at Allsop, said: “We are delighted with the results of our latest residential auction, our largest and most successful since February 2018.

"Once again, we’re seeing the volume of supply and demand for income-generating and value-add opportunities, reflecting an eagerness within the market for well-priced stock. With every auction sale, we can provide more and more insight into trends in the market, and into how our buyers and sellers can best find value – and we look forward to continuing to build on that over the coming months including our last sale of 2023 in December.”

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 20,000 landlords and property specialists and keep up-to-date with industry news and upcoming events via our newsletter.