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Property Auction Market Update

publication date: Mar 24, 2011
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books

Property Auction Market Update

The auction market will always do well during a recession, but it's also a good guide to what's actually happening between real buyers and sellers. To date, the figures from the EI Group suggest that the strength is on the side of the buyer, with more lots coming onto the market than previous years, so an increase in supply.

On the demand side though, overall, the number of deals being done is slightly higher, with the percentage of lots sold up from 61.7% in January 2010 to 64.7%. However the percentages don't show that the number of actual lots is up from 187 to 317, ie sales are up year on year by a whopping 69.5%!

Can you still pick up a good property at a bargain price? READ MORE to find out!

READ MORE for Kate's full auction property market update and analysis.


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