Jump to content
House Price Crash Forum
Sign in to follow this  
antmcc

Interesting Article In This Weeks Property Week

Recommended Posts

http://www.propertyweek.com/story.asp?sect...orycode=3144738

"Next week REDC is back for its second wave of sales. Initially planned for five days, it has already been slimmed to two, and the catalogue has been halved. REDC attributes this to an unexpected respite in the UK property market, which has led to a reduction in the number of repossessed properties that need to be sold through auction.

Greg Spiro, executive vice-president for REDC in the UK, says the company is in the British market for the long haul. It has lined up another round of sales for the autumn.

‘At the moment, it is a temporary respite,’ he says. ‘We think that in the autumn another recession will bite, so there will be a further wave of repossessions. We plan to sell in November and then next year as well.’"

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   295 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.