2016 has brought with it a whirlwind of change in the property world, from the rise in stamp duty tax, the amendment to the income tax legislation and, of course, Brexit.

One thing that remains unchanged, however, is the popularity of property auctions.

At last week’s auction, Austin Gray Auction House Sussex raised their highest total in 30 years of holding auctions. That total came in at a sum of £6,015,500, at a 90% success rate. The sale comprised 21 lots and included a wide variety of properties from development sites with and without planning permission to commercial properties and a luxury seafront flat. The prices ranged from a double fronted building in Hove at £896,000 to a pair of double garages at £89,000.

Not only was this the highest total achieved at an Austin Gray auction, it was the highest sales total achieved at a Sussex property auction since the boom year of 2007.

Incredibly, the auctioneers have also smashed their highest annual record for total sales and that’s even before they have held their last auction of 2016. So far they have raised just under £20 million, sailing past their previous best of £17 million.

As a transparent, flexible and fast alternative to traditional modes of selling, property auctions have attracted the attention of a diverse set of buyers and sellers including buy-to-let landlords, developers, investors and private buyers.

If you have never attended an auction and want to see how it all works or you are contemplating the auction route as a viable and quick method of selling your property or land, why not take a look at Austin Gray’s last auction of the year on December 8th at Clarendon Villas Church, Clarendon Villas, Hove.

www.austingray.co.uk