The volume of investment-grade commercial property sold at auction in 2016 grew by 10% to £820m, the latest Commercial Property Auction Data (cPad) report has revealed.
This trend is expected to continue to drive sales this year.
“Activity in the first auctions of 2017 suggest that high-net-worth investors will remain active in the auction room, with particularly strong bidding seen for lots coming forward in the £1m to £5m value range,” said Richard Auterac of Acuitus.
“With ongoing economic and financial market uncertainty, which will undoubtedly persist over the coming 12 months, the commercial property sector is capturing investor predilection for real investment assets. http://www.propertyweek.com/finance/private-investor-and-auctions/commercial-property-auction-sales-defy-market-slowdown/5088374.article?origin=PWresidential#
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