The latest Acuitus Commercial Property Auction Data (cPad) report shows that the second quarter of 2024 saw 353 lots sell at auction for a total of £206.3m.
Acuitus chairman and auctioneer Richard Auterac says: “The auction market has been particularly robust in the first half of the year with the total volume of H1 2024 sales hitting £423.3m, significantly above the previous peak we saw in H1 2021 of £348m.”
The increased level of supply hints at the commercial property market turning a corner, while the combined number of lots sold in H1 2024 amounted to 696 in total.
The cPad All-Property prime yield remains at 7.04% and the secondary yield is at 11.25%.
The full Q2 2024 report can be downloaded here.
