House Auction Prices - a distinct lack of activity in August!

publication date: Oct 21, 2010
 | 
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
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House Auction Prices


A distinct lack of activity in August!


August's property market auction shows slightly suprising results for August. Although it's a typically quiet month (even property buyers go on holiday!) having seen quite a few lots come through in September, the number for August shows a disctinctive lack of activity at every level. 

Month on month, money raised at auction was only £21mn versus £48mn the year before. Only 58% of lots offered were sold in August, this is exacerbated by a fall in the number of lots 42% from 600 properties to 300, of which only 200 were sold in August 2010 versus 400 in August 2009. 

For a more indepth analysis of the Property Auction Market READ HERE in the Property Investment Update

If you're thinking of buying or selling a property at auction, then take a look at our top tips - Buying or Selling at Auction Top Five Tips.

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