Auction House South Yorkshire celebrates record-breaking 2020
The region’s up-and-coming property auctioneer, Auction House South Yorkshire (AHSY) signed off on their most successful year of business yet in 2020 after successfully migrating their live auctions to an online and livestreamed format.
Regional auction manager James Holding said: “Despite the property market closing for over six weeks during the first lockdown, despite having to transfer all our room auctions to online or livestream sales, and despite ongoing coronavirus restrictions, we still managed to sell a higher percentage of lots than ever before!
“The auction market kept functioning, sellers and buyers remained both interested and active, and lockdown restrictions didn’t hold us back. AHSY was unique in that our immediate shift to remote bidding livestream auctions helped maintain momentum and they grew in popularity as the year progressed.”
Buyers and sellers have embraced the idea of internet and Livestream sales.
James adds: “Translating the format of our in-person auctions was important,
but the demand was clearly still there so we had to demonstrate that the experience was not just viable, but secure, effective and reliable for our clients. Our growth has shown that it works and that they are as comfortable making a bid by telephone, proxy or online as they were in our room auctions. It also gives us confidence that even under another lockdown, we can look forward to similar successes in 2021.”
South Yorkshire property seeing increased demand for investment
The property market experienced many ups-and-downs during 2020. The challenging trading environment made it difficult for many to keep pace with changes and no-one knew what was around the corner.
Homebuyers, tenants and investors alike experienced changes and setbacks throughout the year but the market bounced back strongly, assisted by various government-backed initiatives and has shown that the demand for property is not going away.
Sheffield-based property business RESONATE PROPERTY reports that the demand for quality investment property has been building over the past year, demonstrated by the uplift in property prices following the initial lockdown period. Alongside the increase in prices, the firm notes a shift in attitude and desire amongst those looking to invest in residential property, especially over the past quarter, with more looking to make their next investment purchase in Sheffield.
Mark Pereira, director of investments at RESONATE PROPERTY adds: “Investors that were previously fixated on investing in areas such as Manchester or Leeds have not only shown greater interest, but are now actively purchasing in South Yorkshire. The upturn in asking prices amongst popular rental properties such as terraced houses in Sheffield is demonstrating this increased demand and the strong growth potential of investing in the region.”
Redbrik branches into hospitality in 2021
Leading estate agents, Redbrik is opening two new branches early this year – on Ecclesall Road (the former Le Bistrot Pierre) and in Fox Valley Shopping Park, Stocksbridge.
As well as providing its award-winning property services, each of the branches will host a Raffina Coffee & Deli, representing the agent’s first move into hospitality.
Redbrik has identified North West Sheffield as an area with huge potential for home movers over the next few years. Its recent evolution with the arrival of Fox Valley Shopping Park and the planned residential developments nearby make it an increasingly appealing area.
Managing director, Mark Ross, said: “We’ve always been avid supporters of the high street. We wholeheartedly believe that by creating quality new office and social spaces within the communities we serve – we are enriching the local area. We hope they will become treasured community hubs.
“We’re confident 2021 will bring more normality, particularly allowing us to create deeper relationships with our clients, providing a better, more personal service.”
UK-top 200 law firm Keebles LLP advised Redbrik on both their moves.