Wednesday, 4 November 2015

Another successful sale for NAVA Auction House of the Year Christies Network Auctions

Christies Network Auctions held their most recent sale at the Grosvenor House Hotel on London’s Park Lane on Wednesday 21st October and produced another superb result.

In total £6.4 million was raised from the 22 lots sold, a success rate of 76% and there were a number of major successes for clients. 


A substantial detached property sold at £1.13 million, some £135,000 over the guide price.​
A site of thirty two flats sold at £1 million, over £100,000 over the guide price.
A development site achieved an over guide price figure of £925,000.​
A 19th century town house that requires refurbishment works sold for £840,000.

Alongside the high value lots, a number of much smaller priced lots sold under auctioneer Guy Charrison’s gavel including a number of ground rent investments in Birmingham.
Christies Network Auctions have now sold 32 out of 33 ground rent investments brought into their auction over the last year.



Jeremy Richardson of Christies Network Auctions said: “This was another excellent result for clients. The combination of local knowledge and national expertise combined with auctions in London and Birmingham is proving to be a huge success.

Our results in 2015 show that properties of all types and prices can be sold under the hammer and we welcome enquiries from potential seller clients who may wish to include properties in our future auctions.

”November sees Network Auctions as finalists at the Negotiator Awards where they hope to repeat their success in the annual NAVA awards and be named auction house of the year.


Christies Network Auctions next auction is a two day sale in December with London being held on the 10th and Birmingham on the 16th.


Christies Network Auctions are now looking to accept lots for inclusionLots are now being taken for inclusion.


This will be the last opportunity to sell by auction in 2015 and potential sellers are advised to contact Christies Network Auctions without delay to ensure that properties can be included.

We can be contacted at www.christiesworld.com or by phone on 020 8643 7777 or email at sales@christiesworld.com.

Right Sizing

Nick Churton of our London Mayfair Global Network reflects on the changing mood of home buyers and why now, more than ever, finding a property that fits well is important – at all stages of life.

We hear so much about up-sizing and down-sizing in the property market. But, now especially, the correct thing to do is right-size. That is to live in the space which suits you best. Today it is just not that sensible to rattle around in a huge family house when the children have left home. At a time of life and in a financial climate when it's best to hang on to hard-earned capital, spending it on rooms and space that are never needed is an extravagance.


Also, many 'empty nesters' are right-placing - seeking to return to town and city centres where they can be close to a larger range of facilities. Right-sizing also provides the opportunity to move into higher specification accommodation. For many trading down offers the opportunity to purchase a bolt-hole in the sun. Prices in countries such as Spain, France and Portugal are still rock bottom but there are signs that this is set to change, so now seems a very good time to buy abroad with cash.

Up-sizing is another matter. Co-habitation and starting a family often require more space not less. But this is a great time for first time buyers to be on the move as interest rates are still at their lowest ever. But there is so little on the market in many areas. This is putting upward pressure on prices. So the ability to buy with finance all set, and lots of determination to succeed quickly is required.

There are fears of further global financial turbulence ahead. We live in an uncertain political world and here in the UK there are big questions on our future relationship with Europe and a housing shortage. For many now is a particularly good moment for prudence - for right-sizing, right-placing and right-timing.

The market is still active and filled with great opportunities but caution is needed – caution, and good representation. It is no secret that successful people get that way because they obtain the best advice from the best people. That applies to those buying and selling property also. A good local estate agent who really knows the market is the key to successful right-sizing.
Please contact us on 020 8643 7777 or email at sales@christiesworld.com