Reading: Romans’ auction buoyant despite Brexit
At the recent Romans’ auction, buyers and sellers witnessed fierce bidding on a varied catalogue of properties and land which resulted in 80% of the lots being sold on the day, many for prices significantly higher than their price guides.
Simon Clayton, Romans’ auctions director, said: “We were unsure how the sale would unfold, being so soon after the EU Referendum, but when I offered the first lot it became very obvious that people had come to buy. It’s all about supply and demand and the market is currently short of stock. Shrewd investors are not taking the risk of waiting to see if prices fall and can see the benefit of playing the long game.”
Popular lots included a mid-terraced house in Bracknell, a period terraced house in Aldershot, a semi-detached house in Banbury, a parcel of land in Shiplake and a plot of amenity land in Wokingham.
