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The next London and Country Property Auctions event will take place on 29 March 2012 at the Millenium Hotel, Mayfair

London and Country Property Auctions will host its next auction on 29 March 2012 and is looking for properties which will appeal to London buyers. 

The auction house, which launched last year and combines the expertise of three of property's most prestigious brands, Hamptons International, John D Wood & Co. and Faron Sutaria, showcases some of the UK's most desirable residential properties, including houses, apartments, cottages, farms and development opportunities.

At a time when more than one in three people would consider buying a property at auction (increasing to more than two in three people aged between 25 and 34), auctions are becoming an increasingly popular way to sell and buy property:

Benefits of Selling at Auction
• Speed - From start to finish, the process usually takes just seven weeks
• Certainty - Contracts are exchanged on the fall of the hammer, at which point the sale takes place and the purchaser must provide a deposit

Highlighting significant appetite for prime stock at its last event in autumn 2011, London and Country Property Auctions achieved sales of more than £3 million, with one property attracting 15 bidders and eventually selling at more than £100,000 more than its Guide Price.

Richard Delaney, Auction Consultant for London and Country Property Auctions, commented "Coupled with the speed and certainty of an auction sale for a vendor as well as the choice and transparency involved in an auction purchase, auctions have long held appeal to a certain audience.  However, set against a current difficult economic backdrop, we are noticing more and more people considering auctions as a method to sell and buy property, across all segments of the market.

"Our last auction, for example, proved that there is significant appetite for prime auction stock with most lots attracting significant competition and multiple bids.

"Typically, auction properties will range from probate to unusual properties which are difficult to value, to properties with structural, legal or planning problems.  If you have a property that you would like to submit for consideration at our next London and Country Property Auctions event, please get in touch before 17 February."

London and Country Property Auction's next event is on 29th March 2012 at the Millennium Hotel, Grosvenor Square, London W1K.  If you would like to put your property forward for inclusion at this auction, please contact your nearest Hamptons International, John D Wood & Co. or Faron Sutaria branch.

For media enquiries please contact:
Aisling Gray, Senior PR Manager, Hamptons International
020 7758 8422/ 0778 611 8634/  graya@hamptons-int.com

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