Despite continued reports of gloom in the housing market in the UK, there are auction houses who say their businesses are performing very well. Even in amid a slowdown in the property, the auction of assets of the UK remains generally healthy due to the popularity of the benefits of buying at auction versus to purchase homes through the traditional method of estate agency.

Property auctions have been a widespread option for many people because of benefits offered to participants. An auction of property in the UK is an accepted way of obtaining property by quick operation involved and the possibility to acquire property negotiation. Regardless of the stabilization of the housing market in the UK, auction houses have continued to report healthy business driven by property investors looking to buy cheap properties quickly to become an investment property.

Strong sales at auction goods

Blundells Auction House in Sheffield has not followed the trend, with its three auctions held in 2008 for a total value of over £ 4 million young Property is sold under the hammer. While figures from Essential Information Group means that the percentage of lots sold in the UK is 62%, exceeded this Blundells with an astonishing 88% of lots sold in 2008. This shows that there are still buyers out there that are more than happy to find and buy the right property for them.

North East of real Pattinson is also reporting strong demand from investors looking for houses owned through real estate auctions in the UK. According Pattinson, its session monthly tender was increasingly popular, with over 100 homes listed for sale at its last auction in 2008. The company says sellers were doing most of the reserve prices for additional security during the fall the market today. The demand is also due to the preference for a faster sale with a guaranteed minimum price.

Besides these two auction houses, Sutton Kersh has also reported that it has generated more than 2.5 million pounds after selling 50% of the 68 lots offered in Liverpool property auction end of 2008. This differs from the post-auction sale that have not yet been completed. The company also reports that the number of residential lots sold at auction in the UK in November increased by 40% year over year.

A new fashion auction?

From the figures presented by the authorities of auctions as the IEA, not can deny that property auction in the United Kingdom remains a recognized method of obtaining property. But lately, there has been a new trend that many Experts say that is bound to increase in popularity, too. It's called a Dutch auction.

A Dutch auction is a type of auction, when the auctioneer begins with a high sale price and decreases gradually in stages until a participant accepts the price the auctioneer, or until it reaches a predetermined minimum price. When either option is reached, the winning bidder then pays the advertised price. In theory, this type of auction is comparable to a sealed bid auction of first price. A Dutch auction is particularly advantageous when there is a need for an auction of the property immediately. The reason is that with this type of auction, not a sale requires more than one bid.

In general, many investors always consider an auction of goods from the UK to be a profitable option, since it offers the opportunity to offer for sale and the opportunity to purchase properties below market value – regardless of the condition of the property market.

Parmdeep Vadesha is a property investment expert and founder of the largest community of property entrepreneurs on the web who buy below market value properties from distressed homeowners facing repossession, divorce and bankruptcy. He writes a monthly newsletter for over 70,000 property investors worldwide – http://www.Property-System.com

Where to Find Property Bargains