A BOOM in ‘off-market’ and private property sales has been driven by buyers’ desire for discretion and the convenience of direct contact with a buyer, said a development consultant.
According to Hamptons International last year, one in four sales above £1 million in London took place ‘off-market’.
Stephen Donnelly of SJD Land and Development Consultants, said: “Unlike conventional methods, details of your property or site are not posted on portals, paraded in agents’ windows, or advertised online and in newspapers, only to attract the attention of a flock of uncommitted buyers.
“Instead, sales are made through direct contact, ensuring your property or site is sold swiftly to a reputable buyer. Private sales generate a sense of exclusivity, boosting the likelihood of a quick and hassle-free transaction.”
Meanwhile, on the buyer side, he said: “The best buyers and developers no longer search through pages and pages of advertisements for their next opportunity.”
SJD had built relationships with developers and buyers interested in sites and properties throughout the UK, he added.
“We then add them to our client list and contact them when presented with a property or site that meets their requirements.” added Mr Donnelly.