Wilsons Prove Properties Are Selling when the Price is Right!
The event included over 60 lots entered from finance houses, insolvency practitioners, asset management companies, solicitors, estate agents and the general public. There was standing room only in the auction hall as investors and property developers as well as private buyers competed for the lots leading to great results all round. Many lots sold over their guide price by between 20% - 40%. Richard Bell, Property Department Manager commented "This result proves that if the vendor listens to our professional advice on what their property is worth in today’s climate then it will sell; properties will not make what they did 3 -4 years ago but they will still sell if the price is right. These auctions are a great barometer of the actual market place and can only give the required confidence to get things moving again’. The next property auction at Mallusk is set for 24th November 2011 with many entries already received from financial institutions and banks.