Rat and Mouse
Wed
13
May
25% discount at auction

Fathom Financial Consulting and Zoopla have compared auction data with Land Registry sale data to show that residential property sold at auction over the last few weeks is, on average, shifting for 25% less than estate agency-sold homes. According to the FT:

The 25 per cent auction discount and the sluggish market give a strong signal that prices have further to fall. But the recent uptick in the auction market also shows the gap is narrowing.

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