Impartial-Independent-Mortgage Advice
0800 801079
Property auctions are here to stay
That is according to Savills, which said that there will always be a market for buying properties in such a way.
One of the key reasons for this is the speed at which an auction can represent the housing market.
Savills' comments follow the publication of figures from the Essential Information Group, which claim that sales of properties at auction have fallen considerably in the last 12 months.
Chris Coleman-Smith, auctioneer director at Savills, said that the future of property auctions remains positive.
"Upwards and onwards as ever. We've been through these [times before]. You go back to '89-'91 and think 'God, how the hell did we sell anything then?' But we did," he commented.
"Auctions are here and they always will be; good or bad times there's always a market there," added Mr Coleman-Smith.
Follow the link for information on
the Best Mortgage Rates available
the Best Mortgage Rates available
Related Articles
BM Solutions launch new mortgage ratesHBoS close TMB
New offset mortgage rates from Coventry
New Mortgage Rates from Northern Rock
Mortgage Market Slows
Latest News:
Equity Release special offer annouced by Just Retirement
An announcement from Just Retirement indicates the introduction of a Special Offer availa...
Published: 19-Aug-2008
Sub Five per cent mortgage rate launched
The Mortgage Works has announced the launch of a two year fixed rate buy to let mortgage a...
Published: 19-Aug-2008
BM Solutions launch new mortgage rates
In a surprise announcement last week, HBoS, the group which includes the Halifax and the B...
Published: 18-Aug-2008
HBoS close TMB
HBoS, the group which includes Halifax, Bank of Scotland and Birmingham Midshires, has tod...
Published: 13-Aug-2008
Best UK Mortgage Rates & Remortgage Rates