Property auction success rate at three year low

clock

The number of properties successfully sold at auction has fallen to its lowest level for three years, according to the Royal Institute of Chartered Surveyors (RICS).

RICS says tighter lending conditions and uncertainty over the outlook for house prices are driving buyers away from auction houses. According to RICS, just 57% of property successfully sold at auction...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login