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.
Companies in this article
ForstersMost read
Luxury brokerage faces allegations of workplace misconduct
High-profile firm insists it 'does not tolerate harassment or inappropriate conduct' following Bloomberg report.
Trophy Lancaster Gate apartment block offered for sale
Agents instructed on rare unbroken freehold building just off Hyde Park, with investors and developers expected to target.
Notting Hill villa changes hands for nearly £32mn
Mid-19th century residence is one of the area's finest examples.
Former Schroders base in Mayfair cleared for prime resi conversion
'Remarkable' Upper Grosvenor Street building is set to deliver eight apartments alongside valet-led parking facility in Reeves Mews.
Super-prime Barnes gem changes hands in landmark off-market deal
Sale of Grade II listed house ranks among SW13's biggest in recent years.
What WOW!house says about the future of super-prime interiors
PrimeResi tours the annual interiors showcase in Chelsea Harbour, featuring 22 installations by top studios including Martin Kemp, Albion Nord, Rigby & Rigby and Elicyon.
British Land picks new CEO
Joanne McNamara will lead the FTSE-100 property company, replacing outgoing chief Simon Carter.
By PrimeResi
Penthouse overlooking Lord’s makes market debut, seeking £10mn minimum bid
Home of Cricket-facing apartment with 100-ft terrace is being offered for sale for the first time, with all proceeds due to go to charity.
Off-market properties outnumbering online listings by 5:1 in PCL, says buying agency
Fear of not having seen everything available is now the main factor weighing on buyers’ minds and undermining confidence, reports Eccord.
Rupert Collingwood: The property ladder is freezing from the top down
If we want the market to function more efficiently again, we need to stop viewing the housing crisis purely through the lens of first-time buyers, says brokerage chief.
LATEST ARTICLES
Knight Frank warns of rental market ‘overcorrection’ as supply shrinks & rents rise
Agency says competition for available homes in Prime London has reached its highest level since September 2022.
Buying agency ‘seal of approval’ seeks to help home-buyers pick trusted advisors
First In The Door's Prime Property Seal of Accreditation™ aims to create 'a curated network of best-in-class advisors.'
By PrimeResi
In Pictures: PLP completes biophilic Singapore tower in South-East Asia debut
London-headquartered practice unveils 21-storey luxury resi project inspired by a butterfly in flight and designed around the concept of a vertical garden.
Plans submitted for significant 89-home refurb scheme in South Ken
Wellcome is looking to upgrade a portfolio of 34 townhouses on Evelyn Gardens, transforming former student accommodation into high spec homes.
By PrimeResi
Rockwell completes first Hurlingham Waterfront building
The Thames-side regen scheme is delivering 269 new homes in SW London.
By PrimeResi