Wednesday, June 25, 2008
Essential Auction News – June newsletter that reviews auction activity for May 2008
David Sandeman of EIG was speaking on BBC radio for the North this morning and stated that Riverside flats in the Newcastle upon Tyne area have been selling at auction at around 50% off the price paid approximately 2 years ago. The regional figures make very interesting reading ! "Continuing market conditions have seen the overall sales rate slip 3 points from last month to 56%. It should not be forgotten however that the auction process did sell over 2,100 lots in May, no mean achievement in this market"