Further reading
Brighton boom causing action against second homes
Integration of Viewber into EIG’s auctioneer management system (AMS)
Lots offered up from 2021 along with the heat, but records show buyers should prepare for Christmas!
Looking back at 2021 we can see that 2022 is showing an increase in lots offered each month up till June, July does see a drop of 14.5% but as explained in our monthly newsletter this is due to a large commercial auction house not holding an auction in June this year like they did last year.
May was an extremely positive month for auctions seeing double figure increases in lots offered and sold, you can see all figures on our newsletter page here.
Online auctions continue to prove a popular way to buy and sell property with the convenience and speed for both buyer and seller. With Zoopla reporting that the average time taken from searching to exchange via private treaty is rising currently at around 170 days (5 and a half months) making the method of buying at auction even more attractive if you want to complete before Christmas!
Essential Information Group - News and Information
Keep up to date with our latest news, case studies and what's going on in the property auction industry on our blog.
Buying at auction
09/09/2024
EIG Property Auctions: Maximising Your Property Investment
For developers seeking their next renovation project, property auctions are the ideal place to find potential properties.
Buying at auction
29/08/2024
What is property auction finance?
Property auction finance is a specialised type of short-term lending designed to help buyers quickly secure the funds needed to purchase properties at auction.
Buying at auction
19/08/2024
The Two Main Types of Property Auction
There are two main types of property auctions: traditional property auctions and the Modern Method of Auction