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Chris Johnson Archives
Despite talk of rising interest rates, job losses in the public sector, increasing fuel prices and the continuing lack of suitable bank finance, the last four auctions held on Merseyside in the last fortnight have shown some signs of improvement with success rates of 34%, 59% and 76% with one sale unreported. Modesty prevents me from saying who achieved the highest success rate but from personal experience the room was fuller and bidding livelier an a number of lots sold well in excess of the guide price.
There continues to be demand for houses, bungalows and flats in need of refurbishment and whilst owner occupiers remain in short supply, there are several investors, builders and dealers anxious to take advantage of the lower prices knowing that there is still strong tenant demand and the potential of rental growth.
Whilst there is a feeling of treading water and consolidation in the property market, both residential and commercial agents I have spoken to over the last couple of months are reporting a slight increase in activity levels but we all know there is a long way to go yet!
I have attended conferences recently where agents are thinking long and hard about their normal business activities and whether these can be increased or extended to give them a competative advantage. There are some clever and forward thinking people out there and it is true that one never stops learning.
Auction House have now moved to be the fourth largest in the country and the largest auctioneer outside London. We are finding that there are an increasing supply of repossession properties coming to the auction market and we are busy compiling our catalogue for the April sale.
Emarketing is assuming greater importance. Blogs and Twitter are being increasingly used together with phone apps and podcasts,. all of which are new to me but which I am sure will have increasing importance in the way we market ourselves from now on. Being a complete luddite and totally at home with paper and pen, I am being dragged kicking and screaming into this brave new world. Since 2002, MAS North West, which is part funded by the European Regional Development Fund ERDF and delivered in the region by The Manufacturing Institute, has helped manufacturers to generate financial returns totalling 739 million and to safeguard 8790 jobs. For 15 years, The Manufacturing Institute has helped transform manufacturing performance, working with over 4000 companies to gain competitive advantage from high impact skills building and productivity improvement programmes.