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Commercial Auction Annual Review 2014
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Buyer Analysis

Buyers

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.

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