UK property market set to be busiest since 2007 - where are the best residential auction opportunities?
The UK property market is set to be its busiest since 2007. According to Zoopla by the end of 2021 one in 16 homes in the UK will have changed hands, making it the busiest property market since 2007.
After 16 months of accelerating house price inflation, the average value of a UK home is now £240k - up from £200k five years ago. Over the past 12 months alone, average UK prices have risen by £15.5k. However, over the last 12 months (November 2020 to October 2021), the average residential property sold price at auction was £208k. So where are the best locations for investment opportunities when buying residential property at auction?