FIFTY PER CENT SALES AT LATEST SMITH AND SONS PROPERTY AUCTION

Smith and Sons has realised a strong sale at its latest property auction with over half of the lots available sold.

Commercial properties benefitting from additional residential space proved to be extremely popular, securing figures far beyond the guides, with residential investment of flats, terraced and semi-detached properties, all requiring upgrades and modernisation, attracting strong bidding.

Chris Johnson, Auctioneer at Smith and Sons commented: “This was a really lively auction that attracted a broad cross section of buyers.

“Commercial property as a long term investment is gathering momentum, offering more attractive tax incentives and benefits. Interest in residential property is now returning as higher taxation may be countered by lower sale prices. 

“This auction also saw a number of first time buyers looking to get onto the property ladder, securing terraced homes and flats, largely in Wirral.

“We are experiencing more movement in the wider market. External factors such as a change in Government, inflation etc will inevitably impact the market, however, as we begin to see things settle, we believe this upward trajectory will continue and are already discussing properties to be including in our December auction."

For anyone interested in our December auction please contact aas@smithandsons.net 0151 647 9272