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Prime property auction house

publication date: Apr 18, 2012
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London and Country Property Auctions will host its next auction on 29 March 2012 at the Millennium Hotel, Mayfair, with lots that will appeal to London buyers.

The auction house, was launched last year and combines the expertise Hamptons International, John D Wood & Co. and Faron Sutaria, to showcase some of the UK’s most desirable homes, farms and development opportunities.

Highlighting a significant appetite for prime stock at its last event in autumn 2011, London and Country Property Auctions achieved sales of more than £3m, with one property attracting 15 bidders and eventually selling at more than £100,000 more than its Guide Price.

Richard Delaney, Auction Consultant for London and Country Property Auctions, said, “Coupled with the speed and certainty of an auction sale for a vendor as well as the choice and transparency involved in an auction purchase, auctions have long held appeal to a certain audience. However, set against a current difficult economic backdrop, we are noticing more and more people considering auctions as a method to sell and buy
property, across all segments of the market.

“Our last auction, for example, proved that there is significant appetite for prime auction stock with most lots
attracting significant competition and multiple bids.”