Auctions: Cheaper shops on the block

21 November 2015 – by Charlotte Santry

“They are releasing into the market assets that would not have found buyers even as recently as a year ago”

The value of retail property sold at auction has dropped by 13% in the past year, figures released this week reveal.

This reflects sellers’ growing confidence that “weaker” properties will find a buyer, rather than a longer-term market decline, according to Acuitus, which produces the IPD UK Retail Property Auction Index with analysts MSCI.

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