Buy Auction Properties At -21 Percent

Property investors searching out bargain property prices may soon be tempted into investing in property through property auctions according to research by the Halifax.

Attaining property prices for as much as -21% below the rest of the UK property market, this niche of property investment is ideal for first time buyers looking to get onto the property ladder.


And this news closely follows reports last month which revealed that the price of properties sold at auction versus the rest of the UK property market dramatically narrowed for the first time in a decade…

According to research by the Halifax, property prices have fallen for the first time in 10 months witnessing property price falls of up to 1.5% in February. And these drops appear to have been reflected across the property auctions too.

Speaking on their last property auction, property portal Zoopla reported that many properties were sold for as much as 21% below value - 7% less than January which saw discounts of as much as 28%!

Continuing on these statistics, property advisors at Zoopla are confident that this reduction in auction discounts between January and February will soon be reflected across the rest of the UK property market, making up for recent property price falls.

However only time will tell if these theories will prove true, but if history is anything to go by, what happens in the auction room will happen elsewhere.

Original Article

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Fraser Stirling, Property Mentor Delegate

No matter what the media wants you to believe, property is still the only investment route where you can benefit from an asset that will NEVER go into zero value. Even when I was university I admired properties ability to withstand the economic elements and stay strong, even when other investment forms faltered or failed. X years on, I am now the proud owner of multiple property investments - one of which earns a passive income of £4,680 and my property portfolio is still expanding. Read more