Due to the severe economic crisis more and more properties are being auctioned – many of them repossessions. Latest figures from the Financial Services Authority show the number of homes seized in the three months to June was 71% higher than in the comparable period last year.

Potential first time buyers, are wondering whether prices have fallen enough to make now the time to take the first step onto the ladder. They begin the search by browsing web-sites and looking in agents’ windows, but soon begin to realise there could be another way: buying at auction. The auction catalogues provides a large choice within each buyer’s price bracket. Full Article