Allsop raised €60m from the sale of 260 lots (representing a success rate of 85%) at its second residential auction of 2024.
Richard Adamson, partner and residential auctioneer at Allsop, said: “Following the success of our January auction and a very strong result in our two-day February sale, we are seeing clear signs that buyers are starting to return to the market after a turbulent 2023. There is good demand for sensibly priced investments and developments across the nation, particularly mixed-use properties and value-add opportunities, however, the key to success remains accurate pricing. We are currently taking instructions for our next auction on 26th and 27th March as we anticipate another large sale ahead.”
Some highlights of the recent residential auction include a Barnsley former care home that sold for €889,200 a Hampstead Garden Suburb shop unit with a maisonette that sold for €921,375, a Hemel Hempstead former NHS office sold for €819,000, and a Shepherd's Bush semi-detached building that sold for €1.5m. The next residential auction by Allsop will be livestreamed on 26th & 27th March 2024.
Image provided by SECNewgate.
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