Auction Property Market Update for March 2010
Skip to Headline Statistics or Useful Resources
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!
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 SAVILLSFor 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
