Serious investment thinking that doesn’t take itself too seriously.
What’s going on in the auction world
To counter new rules on gating amid concerns over illiquidity, funds are holding higher levels of cash. But does this really make sense? As we edge towards a Brexit resolution (apologies if the big reveal has already happened by the time you read this), the institutional property investment sector...
In 2009, I was working at JLL when the market was still in shock after the Global Financial Crisis and everyone was looking for pointers as to the way forward. In response, JLL...
More than £4bn of residential and commercial property has been sold at in-room auctions across the UK in the past 12 months. Perhaps surprisingly given the political and economic...
In what is usually the busiest period in the auction calendar, last month saw only 144 auctions held across the UK - the fewest number recorded in a September since 2006 (142)....
As is usually the case, a large portion of the industry took a break in August, with only 51 auctions held across the UK. The auctioneers that were active enjoyed a broadly...
Whilst July is traditionally one of the busiest months in the auction calendar, there were only 132 auctions held across the UK last month - 12 fewer than last year and 36 fewer...
THE AUCTION MARKET IN GENERAL From reports of the property auction sales for the first 6 months of the year, there appears to be no clear pattern - conversion rates vary from sub...
The market experienced a notably challenging month, with overall lots offered down 19.5% to 2,144 lots and lots sold down 23.1% to 1,498 lots. Auction revenues dropped 24%, from...
The auction market bounced back in May and made gains of 7.5% and 5.8% in lots offered and lots sold respectively. The overall amount raised fell slightly, down 2% to £507m, but...
After an encouraging start to 2018, it appears that the market has just cooled slightly, as the monthly figures below show falls across every measurable metric. Lots offered and...