News Archive: auctions

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07, 2011 December:

Ireland to bring in value-based property tax next year

Ireland’s government has revealed a plan to introduce a value-based property tax, with the aim to finalise it by the middle of 2012.

Video - I don’t want to sell after auction. Am I 100% committed?

I've decided not to sell after the auction has taken place. Am 100% committed to the sale?

30, 2011 November:

South African voluntary distressed house sales grew in the third quarter

South African Banks' voluntary sales programmes for defaulting debtors are growing throughout the country as distressed homeowners and financial institutions continue to seek alternatives to legal foreclosure, and home buyers increasingly opt for the significant discounts that come with these sales.

04, 2011 November:

Guangzhou cancels auction again as developer demand drops

The Chinese city of Guangzhou has cancelled a land-plot auction for the second time in two weeks.

03, 2011 November:

Video: Bidding at auction

In this special segment of Melbourne real estate program Melbourne Property TV, experienced property adviser and advocate Sean Thomson of WBP Property Group teaches buyers how to bid at auction, highlighting the tactics professional bidders use to get the jump on their competition.

25, 2011 October:

Britain’s cheapest house up for auction in Wales

Britain’s cheapest house is up for auction this week. The property, located in the Welsh village of Maerdy, is thought to be the cheapest piece of real estate in Britain. It will be offered to bidders on Thursday with an asking price of just £7,000, but the price tag comes with a cost: the house is in serious need of repair.

21, 2011 October:

The accidental landlord: auctions

Victoria Whitlock fulfils a lifelong dream by attending an auction, bidding card in hand. It’s going once, going twice – then disaster

20, 2011 October:

Auction Homes Still Selling at 30% Below Market Value

Homes under the hammer are still knocking up strong sales with almost 2,500 properties changing hands for £282 million.

29, 2011 September:

Auctions score success as more repos expected

The latest auction run by Network Auctions at Hatfield House in Hertfordshire was one of its most successful yet.

21, 2011 September:

Spring in Australian property sales revealed at weekend auctions

Property auction clearance rates have reached their highest level for more than three months suggesting that the slow Australian real estate market is picking up.

07, 2011 September:

Bidding begins on mansion at John Brown death site

Real estate agents are taking offers for the Historic Perkins House, a Charles Town mansion that sits on the site where abolitionist John Brown was hanged for treason.

12, 2011 August:

Video: Property auctions – are they affected by economic climate?

The National Association of Valuers and Auctioneers advises property owners that auctions are affected by the economic climate to a degree, but if the pricing is correct from the outset then the property should sell.

17, 2011 March:

Bulgarian property auctions climb to twice last year's rate

The number of properties going to auction in Bulgaria doubled in January and February compared to the same figures for last year, indicating further possible bargains for canny property investors in the country.

11, 2011 January:

Auctions lead the way in UK property market

Despite a generally slow end to 2010, the figures for auctioned properties in the UK are looking surprisingly good.

15, 2010 November:

To bid, or not to bid, that is the question

Auctions are fast becoming one of the most popular ways to buy a home - especially in countries such as Australia and New Zealand - but it is crucial to do your homework before bidding at auction, so check out our guide to doing just that...

08, 2010 November:

Half of auction lots are repossessions

The latest residential auction sale held by Allsop delivered an 85% success rate and raised the most money the firm has achieved for a year...

16, 2010 September:

Advantages to buying at auction

Property auctions have become increasingly popular with both buyers and sellers - whether you are an owner, occupier, developer or investor...

09, 2010 July:

Return of long-term investors boosts auction

Cannon Capital's second auction on 1 July displayed a gaining sense of momentum with £5m in sales achieved...

25, 2010 June:

Auction to tempt London's investors

Mayfair based property auctioneer Cannon Capital has seven London-based lots to tempt local private investors to his second UK property auction which comprises 21 commercial and residential property lots from across England...

21, 2009 December:

Repos at auction down by two-thirds

There was a sharp drop in auction activity last month, as repossessions stayed out of the sales rooms...

12, 2009 November:

Get bidding for a place in the sun

A Place in the Sun Ltd has announced the launch of an ‘A Place in the Sun' auction of Spanish property, which takes place on Sunday 13th December 2009 at London's Radisson SAS Portman Hotel, London W1...

27, 2009 October:

Oz: pressure on interest rates

Another strong weekend for Australian property auctions has intensified pressure on the Reserve Bank to increase interest rates...

19, 2009 October:

Good sales for Savills

Savills enjoyed strong sales at its fourth commercial auction of the year on Monday at the ballroom of London's Claridges Hotel - the auction house achieved an 80% sale rate and raised £6.76m from 16 lots...

16, 2009 October:

Under the hammer

Homes sold at auction are achieving record sums above the guide amounts set by valuers as lower property prices have brought about a bidding war among bargain-hunters...

21, 2009 September:

Huge SA auction

Over 600 homes will be auctioned at a whopping South Africa property auction to be held next month...

28, 2009 August:

Auction franchise option

Spanish property auction firm Direct Auctions has announced the launch of its auction franchise programme...

31, 2009 July:

Big night in Auckland

Bidding at a charity auction for an Auckland beach house started this week at $1 and by yesterday had reached $40,030...

23, 2009 July:

Snap up 1999 prices

Prospective landlords can now snap up homes at prices of a decade ago and will receive the keys to their property within just three weeks, according to mustbesold.com auction events...

10, 2009 June:

Auction delivers £46.5m sale

The bellwether of market value and buyer sentiment in the property auction houses has achieved a £46.5 million sale...

28, 2009 May:

No sales at first Dubai auction

Despite the hype surrounding Dubai's first ever public property auction, not one property included in the event managed to reach its reserve and sell, resulting in the exercise being branded a flop by industry experts...

27, 2009 May:

Scotland's largest auction

In one of the largest property auctions in Scotland's capital that it has ever seen, house hunters are preparing themselves for potential bargains as around £1 million worth of property goes up for sale, according to an article on the Scotsman website...

26, 2009 May:

'Next Top Model' home fails to sell

It just goes to show that even the lure of celebrity may not be enough to shift a property in the current climate - the stunning house on New Zealand's North Shore, in which TV ratings winner ‘Next Top Model' was filmed, failed to sell at auction yesterday despite hundreds of viewings...

Auctions on rise in Dubai

Property auctions are set to become increasingly popular in Dubai in a move that some regard as a means of stimulating the depressed real estate market...

22, 2009 May:

Auction lots down by one third

There were 129 auctions held during April, according to Essential Information Group, raising £170 million...

12, 2009 May:

Aussie auctions push demand

Low auction numbers in Melbourne, Australia, concentrated demand and produced some high prices of late, with competition between investors and first home buyers pushing apartment prices above many reserves...

11, 2009 May:

Dublin prices halve

Property prices in the Irish capital of Dublin have fallen by 52 per cent over the past couple of years, with 20 per cent of all purchasers now paying in cash only...

01, 2009 May:

History for sale

Extremely rare travel documents and photos, including a journal from ‘The Beagle' - the ship made famous by Charles Darwin, will go under the hammer on May 7th...

30, 2009 April:

Auction remains a mystery

American auction house REDC, which held a five-day sale of repossessed properties in five different venues in England just before Easter, has not had its results included in the ‘bible' of auction sales...

31, 2009 March:

Gold found in Rainbow nation

Property investors and bargain hunters are gathering to snap up South Africa properties at auction houses across the country, according to reports coming out of the Rainbow nation...

23, 2009 March:

Super-sized auction hits UK

When something starts in America, it usually trickles across the pond to us here in Blighty sooner or later - the latest US fad to reach the UK is the super-sized auction selling nothing but repossessed properties - up to 500 at a time - which is getting bargain hunters on both sides of the Atlantic a little hot under the collar...

19, 2009 March:

Designer auction

Auctions can often be a bit of a wasteground, littered with dilapidated houses crying out for a bit of TLC - but this auction couldn't be a bigger break from the norm - flogging off the ostentatious contents of the late Gianni Versace's sumptuous mansion on Lake Como...

16, 2009 March:

Oz/NZ auction spectacular

Real estate group Ray White is to hold a trans-Tasman auction, hoping low interest rates and the federal Government's first home owners grant will help make it more than £163 million in sales from 500 properties...

12, 2009 March:

Tumbling prices spark auction rise

Auction houses are reporting huge rises in the number of residential properties being put up for auction - a symptom of continuing house price falls and a rise in the number of homes being repossessed...

06, 2009 March:

US auction to hit UK

US property auction giant Real Estate Disposition Company (REDC) is on its way to the UK. The company, which specialises in foreclosure properties, has been talking to various UK mortgage lenders about selling their foreclosed properties...

11, 2009 February:

Savvy sellers eye London lottery

Londoners struggling in the UK's slumping property market have come up with a novel way to maximise their profits and offload their properties...

23, 2009 January:

Not worth the gamble

There has been a spate of ‘win a property' competitions recently as homeowners look for increasingly creative ways to offload their house during the credit crunch without losing out on price - but now, one New Zealand couple has fallen foul of the law by attempting to do just that...

20, 2009 January:

Cult film cottage goes on sale

Here is your chance to snap up a slice of true film history - the remote Cumbrian cottage to which Richard E Grant and his sidekick escaped to in the cult 1986 film Withnail and I will be going under the hammer next month...

19, 2009 January:

Live next door to NZ Prime Minster

Bargain hunters have a golden chance to grab a piece of coastal paradise among the celebrities of Omaha in New Zealand...

11, 2008 December:

Going Dutch

When it came to shifting a beautiful old New Zealand mansion, a local agent held a ‘Dutch auction,' in which prices start high and then drop in stages until a price is settled upon. Could this be the start of a new trend? TheMoveChannel.com finds out...