Auction market bucks the trend
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