Submitted on Monday 10th March 2008

Auction sales down

Auction sales for the last quarter of 2007 were at a 3 year low with succesful sales of 57% compared to previous year of 69% says a survey by RICS. However, they also reported that 15% more properties went to auction in 2007 compared to the previous year. It will be interesting to see how this progreses with many Buy to Let owners poised to look for bargains while others look to exit the market.

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