Repossessions boost auction numbers
Murphy, Gary
Repossessions boost auction numbers - 2007 - Property Forecast July 2007, 9-10(2) .
Reports that the recent increases in interest rates has triggered a corresponding rise in repossessions. Many buy to let properties have been casualties of this trend. Repossessed properties have supplied a significant number of the residential properties seen at auction so far this year. Repossessions are currently supplying auctions with around 40% of their stock. As a result the number of properties auctioned overall has risen. The trend looks set to continue.
United Kingdom--
Repossessions boost auction numbers - 2007 - Property Forecast July 2007, 9-10(2) .
Reports that the recent increases in interest rates has triggered a corresponding rise in repossessions. Many buy to let properties have been casualties of this trend. Repossessed properties have supplied a significant number of the residential properties seen at auction so far this year. Repossessions are currently supplying auctions with around 40% of their stock. As a result the number of properties auctioned overall has risen. The trend looks set to continue.
United Kingdom--