October 4, 2022

Nottingham tops the record for the UK’s hottest public sale property gross sales exterior of London

The residential auctioneer has damaged down the cities and cities the place property brokers are having probably the most public sale success, displaying that exterior of London Nottingham tops the record with a complete capital worth of £2.3 million, adopted by Bristol, Leicester, Manchester and Telford.

iamproperty stories that bids per property have risen dramatically within the final three years, with the variety of bids within the North rising by 172% versus July 2019 and by 345% within the South throughout the identical interval.

The rise in bids has had a knock-on impact and general gross sales totals have risen by 132% and 574%, respectively.

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Jamie Cooke, Managing Director at iamsold mentioned, “We’re persistently posting robust outcomes for public sale gross sales on behalf of our Companion Brokers, these figures are rising every month and when digging deeper into the information, we’re discovering that public sale’s reputation has elevated proper throughout the nation.

“Extra Property Brokers are recommending public sale and providing extra option to shoppers, which suggests a higher vary of properties for patrons to select from.

“This has led to an enormous enhance in curiosity and bids, serving to brokers to get aggressive costs for his or her purchasers – one other profit alongside public sale’s quick completion timeframes.”

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“The South typically stays probably the most lively space by way of complete gross sales and home costs do issue into this success. Nevertheless, alongside this, we’ve partnered with extra brokers, who’re promoting extra properties by way of public sale than ever earlier than.

“What our information exhibits is that public sale is working throughout market circumstances.”