Auc­tion mar­ket bucks the trend

Yorkshire Post - Property - - PROPERTY -

AUC­TION ex­perts at the Es­sen­tial In­for­ma­tion Group have re­vealed that prop­er­ties are sell­ing well un­der the ham­mer.

David San­der­man of EIG, which lists all forth­com­ing auc­tions and their re­sults, said: “The trend we have seen emerg­ing over the past few months con­tin­ues with a strong set of fig­ures. Whilst re­ports com­ing from the pri­vate treaty mar­ket are that the mar­ket is slow­ing and many prop­er­ties are re­main­ing un­sold, the auc­tion mar­ket is buck­ing the trend with in­creas­ing num­ber of lots sell­ing.”

The res­i­den­tial sec­tor show­ing 17.6 per cent growth in “Lots Sold” in June this year com­pared to June 2010. In York­shire, the num­ber of lots in­creased by 31 per cent and lots sold in­creased by 9 per cent

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