More homes are sell­ing at auc­tion

Yorkshire Post - Property - - PROPERTY -

A new sur­vey of the auc­tion mar­ket sug­gests that the num­ber of res­i­den­tial prop­erty lots sold and of­fered at auc­tion has in­creased sub­stan­tially dur­ing the past three months.

The quar­terly trends sur­vey, pro­duced by the Na­tional As­so­ci­a­tion of Val­uers and Auc­tion­eers (NAVA) and EI Group, show that there were 3,018 res­i­den­tial prop­erty lots of­fered in July 2010, nearly a 50 per cent rise on the 2,039 lots in June and 2,102 prop­er­ties in May. Melfyn Wil­liams, chair­man of NAVA, says: “These statis­tics con­firm that the res­i­den­tial auc­tion mar­ket is now mov­ing for­wards.”

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