Auction market buoyant despite Brexit

Ryan Fowler

June 30, 2016

house keys

Despite uncertainty affecting the wider UK property market the auction sector remains buoyant, according to auctioneer Brown & Co.  

Brown & Co said its summer auction in Norwich yielded good results despite national uncertainty in the light of last week’s vote to leave the EU.

Partner, Peter Hornor said: “Because of the diversity of the properties on offer, these results indicate that there is clearly still a demand for property across all price ranges.”

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There were a number of star lots int he sale incuding an agricultural building in East Ruston and a large country house in need of total renovation, set in 15 acres near Watton, which both sold in excess of the guides.

In addition, good results were achieved for a wide range of property on offer, from garages and development and amenity land, through to houses in need or renovation on the outskirts of Norwich.

Hornor added: “There is no doubt that thre is still good demand for property in our region which is heartening and is all good news amid the doom and gloom.”