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Wednesday, February 24, 2010

Are auction results predicting a double dip in house prices?


I recently recounted my impressions of doom and gloom in the auction sales room.

It seems that my feelings that not all property investors are that convinced about a quickly recovering property investment maybe not that far from the mark.

This recent article in Thisismoney indicates that according to the Zoopla Auction index confidence is slipping. It recorded a figure of a 28% discount of sale price compared to the private treaty market in January compared to only 19% in December.

Is the house price recovery running out of steam? What do you think.

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