Average lot sizes bigger than ever
Average lot sizes bigger than ever
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- Property Week 69(5) 30 January 2004, 25(1) .
According to the Auction Results Analysis Services (ARAS) the size of lots sold at auction is at an all-time high. The average lot size for the whole of 2003 was £486 000, with the average size on forth quarter 2003 being £517 000. Both retail and offices lots sizes had also increased. In the last quarter for 2003, £467m worth of properties were sold, with £233m of that coming from properties valued at over £1m.
LAND SALES
LOTS
According to the Auction Results Analysis Services (ARAS) the size of lots sold at auction is at an all-time high. The average lot size for the whole of 2003 was £486 000, with the average size on forth quarter 2003 being £517 000. Both retail and offices lots sizes had also increased. In the last quarter for 2003, £467m worth of properties were sold, with £233m of that coming from properties valued at over £1m.
LAND SALES
LOTS