Belfast Telegraph

Thursday 24 April 2014

Home auction sales growth 'encouraging'

The UK auction market showed "encouraging growth" in November with the number of homes going under the hammer jumping by 12%, research indicated.

A total of 1,838 residential properties were offered at auction during the month, 12% more than in November 2009, according to the National Association of Valuers and Auctioneers (NAVA). Around 59%, or 1,078, of these properties were sold, an 8% rise on the previous November. Around 3,454 homes went under the hammer in September, 25% more than in the same month of the previous year, while 2,716 homes were auctioned in October, up 18% on the previous year's figure.