Repossessions boost auction numbers
Language: English Series: Property Forecast ; July 2007, 9-10(2)Publication details: 2007Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L139806 (Browse shelf(Opens below)) | 1 | Available | 139806-1001 |
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.