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UK: Commercial property auction sales at three-year low

Posted on 13 October 2011

The number of commercial properties sold at the latest Allsop auction, a key barometer of the health of the UK market, has fallen to the lowest level for three years.
Out of the 166 shops, banks and warehouses available at the auction, buyers have not been found for 50 properties. Duncan Moir, an auctioneer at Allsop, said there was a “pricing disconnect” between buyers and sellers after a “difficult” summer for the economy and property market……………………………………….Full Article: Source


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