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Buying an investment property at auction…

Q: How can I find a property auction in my area? A: “The best place to find auctions in your area would be by doing an internet search for ‘property auctions’,” says proprietor of Belvoir Liverpool West Derby Adam Rastall. “Most auction companies will market the properties on...
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National auction results continue to improve

Auctioneer Essential Information Group has seen double digit growth in 'Lots Sold', 'Percent Sold' and 'Total Raised' (16.4%, 17.6%, and 17.8% respectively) in its latest statistics.

Broadly similar numbers are coming through in the quarterly comparisons, with the yearly figures seeing a 6% increase in 'Lots Sold' and a small decline in 'Amount Raised'.

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Jetty Sale could suit floating Olympic Hotel

A London auctioneer has suggested the former coal jetty, at Millenium Quay in Londons East End which is being sold at Auction today could be bought as a berth for a floating hotel to help meet the shortage of hotel beds ahead of the 2012 Olympics.

 Auctioneer Cannon Capital is selling the jetty at Millenium Quay, close to Greenwich on the south side of the River Thames, opposite the Isle of Dogs.

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October auction sale bucks all trends.

The latest residential auction sale held by Allsop should offer comfort in an otherwise fragile market.

Against an average market success rate of 65%, the firm delivered 85% sales with every promise that this will improve further.

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Investors return in latest commercial auction survey

According to the results of the first Savills commercial auction survey there is a renewed sense of vigour amongst investors with 67% of those asked confirming they are looking to buy in 2010 and 2011.

The research also notes that the proportion of 'hold' buyers has receded and that these buyers are set to become more acquisitive over the next two years.

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Zoopla launches live online property auction with REDC

Property website Zoopla.co.uk has launched a live online property auction platform for buying and selling residential property, in partnership with auction firm Real Estate Disposition Corporation (REDC).

The first online auction of approximately 150 homes will begin on February 11, ending on February 14. Thereafter live online auctions will take place regularly running four days at a time from Thursday afternoons to Sunday evenings when the auction closes and contracts are exchanged with the successful bidder.

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Tax free toll bridge goes under the hammer

Swinford Toll Bridge one of the few remaining toll bridges in England to claim an entirely tax free status is up for sale. This most unusual yet desirable property opportunity is offered by joint agents Allsop and Humberts Leisure and will appear in Allsop’s next Commercial auction.

A symbol of the bygone eccentricity in British law and heritage, the bridge enjoys no payable income tax, along with no capital tax (CGT, Inheritance tax and Stamp Duty).

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