Whether investing in a standard or more unusual property, the auction house remains a good place to pick up ‘great value’ property, according to Auction provider IAM Sold.
The company has enjoyed a strong start to 2016, with more than 400 properties sold at auctions in March and April, acting as a clear indication that auction, as a viable route to buying and selling, continues to grow.
Some 66% of the 420 properties offered under the hammer by IAM Sold so far this year have been snapped up by property investors, with almost 80% of those sales turning out to be cash sales, reflecting the fact that the property market remains hot for investors despite the introduction of a 3% stamp duty on second homes.
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