Report a Fault Allsop’s February auction had a success rate 82% compared with 78% in December and 92% in October, so I wonder if vendors are still being tempted to push reserves a little too far ahead of the market.
The Auction included 6 Banks let to Barclays on new 15 year (minimum) leases and the average yield achieved was apparently 4.8% compared with 5.4% in December, although the average lot size was less than £350,000 compared with almost £600,000. A couple of other banks with shorter leases failed to sell.
Once again, the highest demand was for secure, long dated income with retail and properties within
With interest rates likely to stay at historically low levels, I believe this is how the market will remain for the foreseeable future, as investors continue to seek secure opportunities offering much better returns than bank deposits.
