user-pic

First-time buyers turning to auctions

By Chris Johnson on Sep 3, 10 11:46 AM in Property

I have been pleasantly surprised by the increased levels of interest in our next property auction, particularly for small houses needing repair and refurbishment.

I still think that this is a great time for first-time buyers to get involved in buying property as prices remain low.

We've been seeing more young couples attending our auctions, clearly prepared to look at buying their first home and making it onto the property ladder ...

The summer holidays don't appear to have any major impact in terms of interest and we're looking forward to a good sale at our next auction at the Village Hotel in Brombrough.

The majority of buyers we see are experienced developers and investors although we have seen some new would-be investors who feel that property is a better medium and long term investment than pension as well as first time buyers.

There's been some hugely positive feedback about the Wirral Waters scheme now that planning permission has been obtained and we are all keen to see Peel Holdings on site creating a vision for the future.

You just have to look at the Liverpool skyline to see the difference iconic buildings can make.

Back in the Wirral, the high winds on Sunday caused havoc for my days golf. Having returned to reclaim my trolley and clubs alongside the 8th hole at Caldy Golf Club, I found that everything had been blow away and into the nearby lake.

I and my partners waded in to retrieve my soggy keys, wallet and blurred cheques, but nevertheless continued to finish the game only to receive good natured (I think) banter in the clubhouse afterwards.

1 Comments

Pete said:

An interesting read. I'm looking to buy my first property soon and have never thought about auctions.

Look forward to your next post!

Knowsley Authors

Lesley Martin-Wright

Lesley Martin-Wright

Chief Executive, Knowsley Chamber of Commerce.

Show Profile

Lesley Martin-Wright is the newly-appointed chief executive of Knowsley Chamber of Commerce.

Read My Posts »

Gaynor McGrail

Gaynor McGrail

Director at Knowley payroll services firm i_Paye.

Show Profile

Gaynor McGrail is co-founder of i-Paye, which offers payroll and financial services help for contractors, freelancers and self-employed professionals. She founded the company in 2005 with her husband Shaun and last year it topped the LDP Business Hot 100 list of the region's fastest-growing businesses.

Read My Posts »

Manufacturing Authors

Tony Caldeira

Tony Caldeira

Managing Director, Caldeira Cushions.

Show Profile

Tony Caldeira is managing director of Caldeira Cushions. The company operates manufacturing sites both in Merseyside and in China.

Read My Posts »

Edward Moss

Edward Moss

Public Relations and Communications, Manufacturing Advisory Service.

Show Profile

Edward Moss, Public Relations and Communications, Manufacturing Advisory Service.

The Manufacturing Advisory Service (www.mas-nw.co.uk)offers manufacturing companies practical, hands-on support in all aspects of manufacturing to help achieve improvements in productivity and competitiveness. 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. The Manufacturing Institute (www.manufacturinginstitute.co.uk) is an independent charity - driven by manufacturers for manufacturers. 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.

Read My Posts »

David Ost

David Ost

North West regional director for EEF

Show Profile

David Ost, North West regional director for EEF.

David Ost is the North West regional director for EEF, the organisation for manufacturing, engineering and technology-based businesses, which operates a regional office in Warrington.

Read My Posts »

Property Authors

Chris Johnson

Chris Johnson

Managing Partner, Smith & Sons in Birkenhead

Show Profile

Chris Johnson is managing partner of Smith & Sons in Birkenhead. The firm is one of Merseyside's most prominent commercial property agencies and property auctioneers.

Read My Posts »

Andrew Owen

Andrew Owen

Head of business space, Mason Owen

Show Profile

Andrew Owen is head of business space at Liverpool commercial property agency, Mason Owen. The firm operates across the UK with a number of high profile clients.

Read My Posts »

Maritime Authors

Stuart Wood

Stuart Wood

Former Liverpool senior pilot interested in the maritime world

Show Profile

Stuart Wood, former Liverpool senior pilot, retired last June after 41 years holding his pilot’s licence. He interested in all aspects of the maritime world, principal of which is his perpetual love affair with the River Mersey.

Read My Posts »

Jim Teasdale

Jim Teasdale

Chief Executive of Mersey Maritime

Show Profile

Jim Teasdale is chief executive of Mersey Maritime, overseeing all activities including marketing, lobbying, business development, and training and education. He was formerly chief executive of Birkenhead-based Laird Foundation, a centre of Vocational Excellence in Marine Engineering, and also represented Sea Vision UK in the North West region. Mersey Maritime lobbies for the Merseyside's maritime cluster.

Read My Posts »

Contact Us

Do you have a story you'd like to tell us about? Or would you like to join our team of bloggers? If so, click here to email us or use the form below.

SPONSORED LINKS