Good vintage
Article Abstract:
Most auction houses are reporting good results for the first three quarters of 1996. Lloyds banks were sold for 40 million pounds sterling in November. A total of 531.3 million pounds was made from the sale of 6,244 lots this year and the success rate averaged 74%. The increase in sales is much higher than the rate of inflation. In 1995 the total was 505.5 million pounds. Most lots are retail, industrial and office sales but more people are buying domestic properties via auctions as the process is much simpler. Buyers are being more cautious now than they were in the 1980s.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1996
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Agents in last chance saloon
Article Abstract:
The UK government has responded to growing public concern about insufficient regulation of estate agents by stating that membership of its ombudsman scheme will become compulsory if more estate agents do not join voluntarily. Measures to make membership compulsory would be included in the Modern Markets, Confident Consumers White Paper, to be published in early spring 2000. The National Association of Estate Agents backs the government's efforts to increase membership of the ombudsman scheme.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1999
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Strange but true
Article Abstract:
A number of unusual lots have been sold at auction in 1996, including two kilometres of coastline in Cumbria, England, which raised 13,000 pounds sterling. Ancient castles and monuments are popular. In October, Allsop and Company sold a sewage works in Oxfordshire, England, for 4,500 pounds and a public toilet fetched 11,750 pounds. Allsops also sold five acres of water meadow for 26,500 pounds and a single garage in London, England, was sold for 40,000 pounds.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1996
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