There is a real hunger among investors for properties north of the border at the moment and that is translating to some fierce bidding in auction rooms across Scotland, according to one of the country’s leading property auction firms.
Auctions are widely considered to be the barometer of the property market and so when a company continuously smashes it's own records in terms of the number of lots sold and amounts raised, perhaps it’s time to weigh in.
Auction House Scotland has so far sold more than 150 lots this year, raising more than £7m in the process.
John Loudon, business developer at Auction House Scotland, commented: “The auction market in Scotland is buoyant with an increasing number of buyers and sellers finding value in the security and speed of sale that is uniquely available through the auction sales process. There is, however, still work to be done to fully establish auction as a regular part of the property sales landscape in Scotland as exists in other parts of the UK.
“What we offer to our investors is a variety of exciting property opportunities of all different types in all parts of Scotland.”
The company’s next auction will take place at 2pm on Thursday 11th May 2017 at 200 St Vincent Street, Glasgow.
To find out more about the property investment opportunities available ahead of the firm’s next auction in Scotland, pop along to the Property Investor & Homebuyer Show at London ExCeL this week – 28 & 29 April.
To avoid the queues on visit day, you can register online now for free entry by clicking here.
Loudon added: “What we will be showcasing to visitors of our Excel stand is the low price point that is required to invest in Scotland allied with outstanding rental yield returns.
“It is not uncommon for residential properties sold through auction to show achievable yields in excess of 12-15%.”