Average lot sizes bigger than ever
Series: Property Week ; 69(5) 30 January 2004, 25(1)Publication details: Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB4005-01 (Browse shelf(Opens below)) | 1 | Available | 125003-1001 |
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.