The latest Acuitus Commercial Property Auction Data (cPad) report shows that auction sales totalled £275m in Q3, up 18% year on year and more than double the 10-year average for the quarter.
Acuitus chairman and auctioneer Richard Auterac says: “As sellers have become more confident that they can use auctions to tap into large pools of private equity, and in a timescale that meets their strategic needs, larger properties have been increasingly coming to market.”
Both the cPad All-Property prime yield and secondary yield edged down, with prime at 5.69% and secondary at 9.12%. The yield gap of 343bps fell below the 10-year average of 369bps.
The full Q3 2022 report can be downloaded here.
