Property Auction Market

publication date: Mar 18, 2010
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books

Property Auction Market

Thinking of Buying or Selling Property at Auction? It's no surprise that January has been a 'quiet' month for Auctions, it normally is anyway, but dump several feet of snow on the ground and suddenly it becomes a lot more difficult to find stock and buyers.

So unless there is a major increase in interest rates, pushing up the volume of repossessions it is likely that lots offered will remain low, but if a property does make it market and it's priced reasonably, it's highly likely it'll sell as the percentage of lots sold hovers around the 75% mark.

If you are buying, there are still some fantastic bargains available at auction houses, but they will be harder to find and don't appear to be going at as big discounts year on year.

If you are struggling to sell, now might be a good time to test out the auction houses to see if they can sell your property quickly at a price you are willing to sell for.

For all the auction market statistics and analysis, READ MORE.

Before taking the plunge, read our Top Five Tips to Buying or Selling at Auction and REMEMBER: Do your research first and NEVER buy a property at auction without a survey and the legal checks!

If you require more information on the property auction market or have a property question, telephone 0845 838 1763 or contact us via email.

Need help with a property problem? Have a question? Why not call Designs on Property on 07585 897128 or Contact Us via email.
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