Auctions up the ante

The Dublin auction rooms maybe deathly quiet with little going under the hammer in either residential or commercial property, but in London, yield shifts in commercial property are creating activity in the salerooms.

21st February, 2009

According to Savills’ latest auctions research report, the yield gap between prime properties and auction properties in Britain is shrinking.

It states that average prime yields have moved out by at least 200 basis points across all sectors between 2006 and 2008 and now stand at 7.4 per cent, with average auction yields comparatively moving out by approximately 100/150 basis points across all sectors, sitting at 7.75 per cent. This shift has generated a...

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