Repossessions and auctions
Repossessions and auctions
- 2009
- Estate Agent April 2009, 6-7(2) .
Reveals that while most properties taken by lenders are still sold by estate agents, the auction houses are quickly gaining ground. Reviews the changing market situation including a growing trend to fast-track a repossession into auction, where properties have often fetched very low prices. Finds that the re-emergence of repossessed properties in the auction room marks the return of the investor.
United Kingdom--
Reveals that while most properties taken by lenders are still sold by estate agents, the auction houses are quickly gaining ground. Reviews the changing market situation including a growing trend to fast-track a repossession into auction, where properties have often fetched very low prices. Finds that the re-emergence of repossessed properties in the auction room marks the return of the investor.
United Kingdom--