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Hello All, Apologies if someone has already posted but I have not seen any threads about the recent Bernard Marcus national auction. Auction finance and the purchase of un-financible property to fix up (builders soo expensive and difficult to get at the mo) should mean that this will be the first place to feel the damage of reduced demand. https://www.barnardmarcusauctions.co.uk/auctions/17-may-2022/?lots=2 Looking at the auction from a few days ago it looks like half did not sell or near as.

Connect UK Auctions have 10 lots going to Auction August 4th. See the mixture of Residential, Commercial and Land lots on their upcoming auctions page. In the market we find ourselves in many landlords are deciding now is a great time for selling at auction as property prices are predicted to drop further. They also offer a probate service for property. Sell today complete in 28 days.

Strakers auction results for June 2017 quote from the horses mouth.....some unsold lots from a smallish auction held in Bath but properties in Wilts

Keeping an eye on auctions in my area, one of the local houses has put around 140 listings in Liverpool alone up today, many of which are currently tenanted HMOs. The next auction is on 11th Feb. A taste of things to come perhaps, and there are other auctions next month too from different firms, one of which was offering incentives to landlords to sell up. http://www.rightmove.co.uk/property-for-sale/find.html?searchType=SALE&locationIdentifier=BRANCH^72919&previousSearchLocation=Sutton+Kersh+Auction%2C+Liverpool+-+Auction&useLocationIdentifier=false&savedSearchId=&displayPropertyType=&minBedrooms=&maxBedrooms=&minPrice=&maxPrice=&maxDaysSinceAdded=1&_includeSSTC=on&primaryDisplayPropertyType=&secondaryDisplayPropertyType=&oldDisplayPropertyType=&oldPrimaryDisplayPropertyType=&newHome=&auction=false&retirement=&partBuyPartRent=&businessForSale=&sortByPriceDescending=&sortType=&viewType=&numberOfPropertiesPerPage=50#prop39261291 Some of these properties are exactly the sort of thing I'd consider picking up and reverting back to a family home, for the right price. I sure as hell would not be doing any landlord's dirty work by taking on a currently tenanted house though. I really fail to see where the attraction for a potential leveraged BTLer is in these properties, at these prices. We'll see what happens, but it is 'game on' imo. Leveraged types hoping for a judicial review etc are just wasting time imo.

Finding this interesting, Landsdowne auction results (London auction room today)https://www.eigroup.co.uk/onlineauctions/ Live Auction Results - 20 April 2016The auction is now complete. Please note: The results shown below are provisional and are subject to approval by the auctioneer. Lot Status Last Bid 38 Sold £205,000 33 Unsold £500,000 32 Unsold £270,000 28 Unsold 25 Unsold £243,000 24 Sold £380,000 20 Unsold £690,000 19 Sold £215,000 17 Unsold £90,000 16 Sold £1,200,000 11 Unsold £1,400,000 10 Unsold £362,000 6 Unsold £515,000 2 Sold £551,000 1 Sold £225,000

http://www.westdraytonwaterside.co.uk/ The homes are going under the hammer, and the EA is looking for buyers in the Middle East and Asia (but FTB in the UK are welcome to bid against foreign Sovereign Wealth Funds and Pension Funds). It should be interesting, although how the EA is going to know if a bidder has the cash is beyond me.