some appear to be obessed with the auctions..... and ignore the private sales... auctions only work in a hot market.... they fall out of favour when the market cools...
duh, as in the past year....
468 private sales worth 250 million compared to 270 million at auction it is a mistake to be focused only on the auction clearance rates...as if to prove a point of a falling market... when there are just as many, or far more are selling at private treaty...360 auctions compared to 468 private sales... it is similar to looking at one tiny fragment of the market...rather than looking at the bigger picture, overall
and everyday the stock market keeps jerking....it turns more investors away and into other markets.... looks like the stockmarket will keep on its wild ride for another couple of years...as the Euro keeps adding to its problems...rather than avoiding the problems...
property is still safe, with nice low average rates... it is the opposite to the stock market....hence the attraction for most conservative investors....
