Savills has raised more than £90m across two auctions held in May, with 250 commercial, mixed-use and residential lots sold.
Year to date, the firm has generated more than £390m through its online, live-streamed auctions.
The highest-value lot sold in May was a freehold social club and flat in Hounslow, which achieved double its guide price of £2.5m.
Residential highlights included a three-bedroom detached family home in need of modernisation in Ealing, west London, sold for £1.155m – achieving more than £255,000 above its guide price.
There was also a mid-terrace property in Kensal Rise, north west London, arranged as two, one-bedroom self-contained flats, in need of modernisation, which fetched a hammer price of £995,000.
Outside of London, in East Grinstead, a historic Grade II listed property with an extensive complex of associated buildings, and situated in a private site of about 28 acres, sold for £2.7m.
Gary Murphy of Savills auctions said: “Following two successful auctions in May, we’re pleased to have raised over £390m so far in 2025 – the highest total achieved in the industry this year.
“While there remains some caution around larger assets, our two May sales confirmed ongoing strong demand for smaller flats and houses, particularly in prime central London, as well as high-yielding commercial assets in prominent high street locations.”
Murphy added:”The Bank of England’s base rate cut at the start of the month has certainly helped to lift bidder confidence, but realistic pricing remains essential across all asset classes.
“Our June catalogue is already shaping up strongly, with 200 lots confirmed and more expected to be added in the coming weeks.”
Read the orginal article: https://propertyindustryeye.com/90m-raised-by-savills-in-strong-may-auctions/
