Lucy Barber: How to buy a property at auction
Auctions have seen a surge in popularity over the last few years, with an increasing number of prime properties going under the hammer. Forsters’ Lucy Barber explains what prospective bidders should be aware of, and the all-important due diligence required beforehand…
Lucy specialises in all aspects of residential property acting for a variety of private individuals, developers and investors and lenders in the acquisition and disposal of freehold and leasehold property. She is also a member of the Enfranchisement Team acting for both landlords and tenants in connection with their enfranchisement claims. Her work includes acting for the Phillimore Estate and the Crown Estate dealing their enfranchisement claims and management issues arising from their property portfolios. Lucy provides commercial and practical advice to ensure the best outcome is reached for her clients.
Asking prices climb to another record high, but the property market appears to be slowing
“A lack of homes for sale rather than a lack of desire from buyers is what is dictating the pace of the market,” says Rightmove, as the UK’s average asking price rises 2.1% in a month.
Property prices have doubled around some Elizabeth Line stations
"Despite delays in the line opening, the number of buyers looking to move near the stations has steadily surged," says Rightmove.
Coastal competition cools as city property markets heat up
Buyer and tenant demand is still running very high in many seaside locations, but Rightmove points to a marked slow-down from the frantic activity of 2020 and 2021.
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