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  • Auction Tribe

    31 Property portfolio at BM June auction

    Could this be the start of some serious mass selling up for some LL's? Not sure I can remember seeing a quite substantial portfolio of apparently let properties come up at auction like this before (not that I check every auction)?

    They're S1 - S31 for anyone that's interested:

    http://www.barnardmarcusauctions.co.uk/C...ction.html

    Best part of £7million worth of property there?

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    Looks like the rats are leaving a sinking ship!!

    There will be many more LL giving up and selling up and who can blame them!?

    LL who are clued up have reached breaking point with the assault by Govt on those LL.

    They are making what I consider to be pragmatic decisions to get out of Dodge while property prices are still robust.



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    It has to come as sure as eggs are eggs

    I know in my area very few landlords are buying

    so sales will be next but this is what the govt wants so there dreams may come true


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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    I think it will be interesting to see what they make compared with the Reserve as they're all tenanted, which would make me think they'll go to investors.

    Are investors buying tenanted properties at the moment though, that's the question?

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