Savills Auction Hits Seven Year High

Posted by Granite Building Warranties Ltd on 20th April 2022 -

Savills’ live streamed auction on 2^nd March 2022 raised £53 million, the highest total since March 2015.

Strongest demand was for development land, residential properties in need of refurbishment and investment sites.

One single lot attracted over 70 bids in 45 seconds.

A mid-terrace in Dartford, Kent with a guide price of £120,000 sold, after much activity, for £271,000.

The highest value lot, a detached property in West Ealing, sold for £2.3 million.

According to Jeremy Lamb, Auction Director for Savills: “Buyer demand has been strong for quite some time, but there was definitely a sense with this sale that people were extremely keen to transact and invest in the assets on offer.”

It would seem that property remains a strong market for investment.

For further information, please contact Ed or Kelly on 01284 365345 or email [email protected] / [email protected].