Regional Variations in the Auction Property Market

publication date: Mar 3, 2011
 | 
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
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Regional Variations in the Auction Property Market


Interesting 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.

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