The latest Commercial Property Auction Data (cPAD) Market Flash analysing the round of auctions in May shows an 11% year-on-year increase in properties sold.
More than £100m of assets sold at the latest sales and the sale rate improved from 70% to 83%.
Acuitus auctioneer, Richard Auterac, comments: “There is certainly more alignment of the expectations of buyers and sellers, but the sector is still being held back by a relative lack of supply.
“The overall average yield and average prime yield stand at 8.7% and 6.3% respectively, and there is more current demand than supply.
“There is also a whole new raft of private investors waiting in the wings to enter the market if it can supply the type of assets that fit their criteria. However, the conundrum of under supply continues and it is hard not to ask in exasperation: ‘What are some sellers waiting for?'”.
To download the latest cPad Market Flash, please click here
