Auctions face turbulent year
Language: English Series: Property Forecast ; 11(6) June 2008, 14-15(2)Publication details: 2008Subject(s): Summary: Discusses the UK auction market and reveals that sales are slipping despite healthy supply, hitting a three year low in March. The successful sales figure dropped to 56% in May. The Land Registry reports a fall in land values and an increase in repossessions should make this a particularly active period for auction sales. The author suggests that sellers need to revise unrealistic aspirations before an increase in sales will be seen and that cash rich investors stand to conclude some good deals in the short term.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L144928 (Browse shelf(Opens below)) | 1 | Available | 144928-1001 |
Discusses the UK auction market and reveals that sales are slipping despite healthy supply, hitting a three year low in March. The successful sales figure dropped to 56% in May. The Land Registry reports a fall in land values and an increase in repossessions should make this a particularly active period for auction sales. The author suggests that sellers need to revise unrealistic aspirations before an increase in sales will be seen and that cash rich investors stand to conclude some good deals in the short term.