Auction Property Market Update November 2010
Skip to Headline Statistics or Useful Resources
October's activity remained high for auctions as sales in the general market slowed significantly, causing people and companies such as lenders who had to sell properties, to sell via auction. October lots offered was up 17% versus last year (albeit static over a 12 month period). The number of buyers however was still low versus previous busier activity with only 62% sold.
The good news for residential auction owners and their sellers was for the first time in some months, although the number of lots sold was down, the amount of money raised was up versus October in the previous year. This suggests if the right properties are sold at the right price, there are cash rich investors out there that can afford to snap them up.
Thinking of investing? Then head down to your local property auction house!
For more information READ MORE in Property Investment Update
READ MORE in the latest RAPID INVESTMENT UPDATE and with EIGROUP's 2010 half year 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 | Oct 10 | Aug-Oct 10 | Aug-Oct 09 | YoY +/- |
Lots Offered | 2,716 | 6,528 | 5,680 | 14.9% |
Lots Sold | 1,709 | 4,246 | 4,062 | 4.5% |
Percentage Sold | 62.9% | 65% | 71.5% | -9.1% |
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
