The latest Acuitus Commercial Property Auction Data (cPad) report shows that the volume of properties being sold at auction in the first three months of 2022 was at its highest level since 2017.
Acuitus Chairman, Richard Auterac, comments: “The natural flow of sales was disrupted by the pandemic as sellers awaited some clarity in terms of market direction and price levels. Since the beginning of 2022, we have started to see a more normalised auction sector and we expect this to continue through the year”.
At £177.5m and 260 transactions, the volume was 22% above the Q1 10-year average of £145.6m.
There was also a sharp downturn in yields with the Acuitus cPad All-Property average initial yield moving down by 44 basis points from 8.51% in Q4 2021 to 8.07%.
The full Q1 2022 report can be downloaded here
