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Auction Property Market Update for April 2010

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Really interesting to see the auction stats for this month as contrasting to a great previous month, the auction houses look like the interest in property has stalled - which may be due to the election or 'end of year' activity as the tax year closed on 5th April.

The turnover for residential properties which was growing strongly has started to drop back and the number of lots for sale have gone up, but the percentage of lots sold has gone down to one of it's lowest levels for a while: 68% versus last month's 74%.

READ MORE in the latest RAPID INVESTMENT UPDATE

REMEMBER: Do your research first and NEVER buy a property at auction without a survey and the legal checks!

Jan 10Feb 10Mar 10        
Feb 09Mar 09Apr 09May 09Jun 09Jul 09Aug 09Sep 09Oct 09Nov 09Dec 09

Headline Statistics for Residential Auctions
These statistics are provided courtesty of EIGROUP and are produced in detail by region

Quarterly Auction Headlines

Apr 10

Feb-Apr 10

Feb-Apr 09

YoY +/-

Lots Offered

1,848

6,856

6,642

+3.2%

Lots Sold

1,095

4,692

4,861

-3.5%

Percentage Sold

59.3%

68.4%

73.2%

-6.6%


Useful Resources

EIGROUP  SAVILLS

For more market commentary on a national or local level:-
Contact Kate Faulkner on 07974 750562 or 0845 838 1763. To read more about Kate, please visit ABOUT US, see Kate on video and for media appearances, contact:

Sylvia Tidy-Harris
STH Management                    
Tel  +44 (0) 1530 263221
Mob  +44 (0) 7970 646872

NALS Conference Chair 2016

Kate's Consumer Portal

Propertychecklists.co.uk

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