Our regular buyers survey conducted at the point of exchange at the auction is now in its third year and has again revealed some interesting trends.
Have you bought a property at auction before?
There was a continued increase in the number of repeat buyers (rising from 59% in 2012 to 80% in 2014). New buyers, while showing a decline, still account for 20% of all purchasers.
Do you intend using finance to fund your purchase?
There was a slight increase in the number of buyers intending to use finance, rising from 32% in 2013 to 35% in 2014.
How far from the property you have purchased, are you located?
With regard to where the buyers come from, the majority (i.e. 54%) still originate from outside the region of the property, demonstrating the market reach of our auctions.
Do you intend to buy another commercial property at auction?
Encouragingly 78% of all buyers intend to buy another property within the next 12 months.
How much do you intend to invest?
A notable increase in those looking to invest in excess of £500,000 is apparent.