60% rise in UK homes sold at auction
Published August 9th, 2006
UK Auction Info
There has been a 60% increase in the number of properties being bought and sold at auction since 1998, according to a leading provider of auction information.
The Essential Information (E.I.) Group currently has information on over 300,000 past properties and details on over 35,000 future lots that are offered each year, worth in excess of £5 billion.
David Sandeman, managing director of the E.I. Group, said: “Buying at auction has emerged as a great way for buyers to get their hands on a property quickly and at a competitive price. Although not for the faint hearted, those with nerves of steel and the ability to carry out thorough research on a property in advance can benefit from bumper profits, even in a stagnant market.
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