The UK’s largest property auction house Allsop, says the success of its latest residential auction in April, the fourth of the year, proves the continued demand for the residential auction market by investors.
Allsop’s latest two-day auction raised £52 million with 250 lots sold, achieving a success rate of 85%. It follows £45 million raised at its March auction.
The highest value lot sold was a freehold pair of semi-detached buildings, arranged as a vacant office with development potential. This sold for £1.38m+ against a guide price of £1.3m+. However, Allsop said that investor appetite remained robust throughout the two-day auction across a range of lot types, including development opportunities and income-producing assets.
The UK marks a safe haven
Richard Adamson, managing partner and residential auctioneer at Allsop, said: “This is our fourth dedicated residential sale of the year, and the results show just how resilient the market is. Despite continued global volatility, both domestic and international buyers continue to view UK real estate as a safe haven and are bidding with confidence.
“As investors grapple with the likely impacts or otherwise of the Renters’ Rights Act, which is now in place, such a strong result over a large two-day sale should provide confidence for the remainder of the year, with investors still seeing value in the UK residential market. We are already assembling our May catalogue, which is shaping up to be another large sale.”
Allsop’s next residential auction will be livestreamed and take place on 27 and 28 May 2026.
