Fewer properties being put through auction but prices...

19 October 2009

1996 Reads
1 Comments

Written by rosalind renshaw

The number of lots going to property auctions last month was 3,291 – 20% down on September 2008.

Of these, 2,334 sold – a success rate of 71%, which was up from a success rate of 67% in August.

There were 178 auctions in the UK.

Despite the fall in the number of properties going to auction, the overall amount raised was 11% down, suggesting higher prices being achieved.

The statistics are from Essential Information Group.

Comments

- Brian
At last peolple are seeing the Auction route for most property sale as a desparation measure when the price being cheap does not matter. Poor old Repo'd borrowers.
- 19 October 2009 12:18 PM

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