Auction sales
Auction sales
- 2004
- Property Week (69)46 12 November 2004, 23(1) .
The latest data from the Jones Lang LaSalle/Investment Property Auction Results Analysis Service (ARAS) shows that auction sales totals rose by more than a fifth in the previous quarter as property-hungry investors spent £271m in the auction room. More than £173m was spent on retail property, and £29m on office property in the last three months. More auction-goers were venturing into unfamiliar property such as offices and pubs (over £40m was invested in pubs and restaurants), where demand from occupiers is driving down yields. The ARAS all-property yield fell 14 basis points in the last three months, from 6.90% to 6.76%.
PROPERTY AUCTIONS
AUCTION SALES
INVESTMENT
PROPERTY-COMMERCIAL PROPERTY
The latest data from the Jones Lang LaSalle/Investment Property Auction Results Analysis Service (ARAS) shows that auction sales totals rose by more than a fifth in the previous quarter as property-hungry investors spent £271m in the auction room. More than £173m was spent on retail property, and £29m on office property in the last three months. More auction-goers were venturing into unfamiliar property such as offices and pubs (over £40m was invested in pubs and restaurants), where demand from occupiers is driving down yields. The ARAS all-property yield fell 14 basis points in the last three months, from 6.90% to 6.76%.
PROPERTY AUCTIONS
AUCTION SALES
INVESTMENT
PROPERTY-COMMERCIAL PROPERTY