A guide to buying property at auction
The latest data from Rightmove shows that average UK house prices hit £371,158 in October, whilst we have discovered that the average residential property sale price at auction was £164,110.
The number of properties available at auction is increasing too.
In October there were 2,400 residential properties available at auction, up 23.6% year-on-year, with 1,669 lots selling, up 12% y-on-y. And as a result of more homeowners being unable to meet their mortgage payments, repossessions are a worryingly increasing trend that's set to continue into 2023. With lenders looking to offset their assets, there will be even more properties available at auction.
But how do you buy a property at auction? Check out our guide to show you how.
References
eig property auctions @ bit.ly/3j1JSjI
sdl auctions @ bit.ly/3BxU8qc
zoopla @ bit.ly/3iYJLWa
independent @ bit.ly/3PqdGm6
unbiased @ bit.ly/3UXD2cc
finbri @ bit.ly/3Hwb3NT
finbri @ bit.ly/3Fq22mJ
© 2023 Design by finbri, share this for free here bit.ly/3j2i2nJ
Auction Finance
Our fast auction finance helps you take advantage of below market value properties being sold at auction, including: Uninhabitable properties, doer-upper's, short-lease, refurb and flip opportunities, buy to lets (BTLs), development, land & commercial properties. We'll secure your property auction finance within the 28-day limit.
Discover More
