This
is the first auction to be held by Auction House in
Cambridgeshire. A second venue may be established
in due course. We believe the dynamic approach and
bold image will appeal to sellers and buyers alike
and enable us to be as successful as the other Auction
Houses elsewhere in the country
“Our
plan will be to work with introducer agents in towns
where we do not have a Thomas Morris branch office,
and to introduce a wider mix of properties into our
catalogues”
Property
auctions are a big growth area, both locally and nationally.
The benefits of selling and buying at auction are
becoming better understood by those active in the
residential market, and TV programmes like “Under
the Hammer” and “Property Ladder” are encouraging
new buyers to enter the field, so much so that year
on year growth of auction sales is currently running
at over 30%. We have also noticed a growing trend
for vendors to choose to sell through a local auction
saleroom, rather than offering their property through
a London auction room.
It was for these reasons that Thomas
Morris decided to expand its operation and activities,
and take on a Regional Licence for the national Auction
House brand. Our aim is to develop the size and spread
of our auctions business to encompass Cambridgeshire
and parts of Bedfordshire and Hertfordshire. Our plan
will be to work with introducer agents in towns where
we do not have a Thomas Morris office, and to have
a wide mix of properties in our catalogues
We
believe that with this powerful new styling we have
the opportunity to lead the way in land and property
auctions across our region, and to work with other
Auction House regions on a joint promotion basis.