Summary
AT a time when national statistics show the auction market shrank both in successfully-sold lots at auction and the volume of transactions, Bradleys has dramatically increased its auction business by over 300%, and increased success rates by achieving a 100% sales rate within the auction house at or within two weeks of the auction itself.
Chris Baxter, who heads Bradleys' auction department, said: "There has been a large appetite to purchase property and land at below Pounds 200,000 by both investors and commercial users. This is where the market is most active, especially in an economic environment where traditional saving accounts are yielding less than 3% interest income, whereas in real terms property and land (according to Bradleys' statistics) showed a 6% increase in property and land assets held."See the full content of this document
Extract
Lots of Success Last Year ; Auction Action
Bradleys is seeing a new type of buyer coming forward to their auctions, traditionally those who are risk adv...
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