A few weeks back me and my partner decided to go to our first ever property auction to find out more, get the experience and learn more about property markets.
The auction was held at the Quality Central Hotel in Glasgow Central Station.
It was great to see the change in the property market over the past few months, we are in a downturn, a buyers market... but for some time many people have been in denial, much of the organisations such as banks and estate agents don't want to admit that there is a housing slow down... so they go on trying to get more and more people to buy, even though the market is on its way down.
The property markets that were on sale at the auction in the quality central hotel, Glasgow were clearly struggling, the number of properties that sold that day by auction was clearly less than the estate agents and auctioneers wanted and had hoped for.
The opportunity is there for people to invest for the longer term by buying property from motivated individuals who need to sell quickly, Glasgow and surrounding is not that different from the rest of the UK at the moment in relation to the property market slow down and downturn.
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There is another auction at the central hotel in glasgow on the 15th of May (Thursday)...
for more information about the Glasgow property auction call: 0870 240 1140
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