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Auction Property Market Update for March 2010

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A superb picture for auctions was revealed in the Auction Market this month both in residential and also in commercial, showing that the investment market is certainly alive and well for those with the cash to invest.

26% more money was generated in residential property auctions Mar 10 ver 09, despite the lots being offered were only up by 12%. Prices year on year are matching the national Land Registry average of around 7%. Considering the auction market is so reliant on cash just now rather than lending, this is a pretty good picture.

The amazing picture though is via the commercial market, not something we report on recently, but for those looking to see the 'bottom of a market' at the moment this really seems to have happened with an astonishing 75% increase in turnover from a 57% increase in volume. Year on Year figures are up 17% in turnover!

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 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

Mar 10

Jan-Mar 10

Jan-Mar 09

YoY +/-

Lots Offered

2,355

5,312

5,462

-2.7%

Lots Sold

1,620

3,760

4,045

-7.0%

Percentage Sold

68.8%

70.8%

74.1%

-4.5%


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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