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Unsold Lots @ Auctions Keep Increasing

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http://www.countrywidepropertyauctions.co....mp;dbtype=sales

I have been looking at the number of "unsold lots" on countrywidepropertyauction.co.uk for a while now - back in January you would be lucky to have around 10 unsold lots, now it's nearing 50+ :rolleyes:

Has "Homes Under the Hammer" been taken off? :P

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Has "Homes Under the Hammer" been taken off? :P

300x193_auctiontips.jpg

Classic bull fodder - it wouldn't be the same without Martin & Lucy! :lol:

Martin Roberts has been a property developer since 1990, and now runs a specialist investment property company.

Lucy Alexander is also a property developer, Lucy has sold many houses over the years and has a vast portfolio.

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Yes, I posted about this a while back

Fulfords auction, covers most of westcountry saw 17/53 lots going unsold at last auction a few months ago (May), represented approx 35%

It really is a turn around. It's a sign that the developers can't even make money out of auctioned properties anymore.

Their latest auction is today and tomorrow so will be following up with results

90 lots this time, big increase on May (53-90)

Edited by munimula

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90 lots this time, big increase on May (53-90)

Bring it on!

It'd be worth keeping a record of "unsold lots" - does anyone know of a website/source which shows "unsold lots" across the UK's auction houses?

Edited by studdymx

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Bring it on!

It'd be worth keeping a record of "unsold lots" - does anyone know of a website/source which shows all "unsold lots" across the UK's auction houses?

I think auctions are an interesting area to watch and high numbers of unsold lots indicates loss of confidence amoungst investors.

However, unsold lots may not give you an accurate insight into the on-going trend because an unsold lot can come back on at a reduced reserve at a subsequent auction and sell.

Watching these lots go unsold then following through to eventual sold price would be much more revealing.

Killerbee

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