Regional Variations in the Auction Property Market
publication date: Mar 3, 2011
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author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
Regional Variations in the Auction Property MarketInteresting figures are coming out from the auction markets, on average, suggesting a stability in lots offered and the amount of money raised being slightly down year on year. The market isn't as strong as it was a year ago. Lots available were up 5-10% (YoY and on a quarter by quarter basis), while the amount paid was down by up to 6.5%. Lots going to auction have approximately a 70% chance of being sold, similar to last year. READ MORE for all the latest auction property market statistics. Thinking of buying for the first time, trading up or investing? Then don't buy until you've checked out your local property auction! REMEMBER: Do your research first and NEVER buy a property at auction without a survey and the legal checks! READ MORE to find out which regions are performing the best. Thinking of buying or selling a property? Then don't make a move without purchasing one of our comprehensive property packs:- Buy our First Time Buyers' Pack - includes three month's FREE 1:1 support and a FREE Which? Buy, Sell and Move House Book! Buy our Sellers' Property Pack - includes three month's FREE 1:1 support and a FREE Which? Buy, Sell and Move House Book! Buy our Buy to Let Property Pack - includes three month's FREE 1:1 support and a FREE Which? Renting and Letting Book! |
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