House prices at auction continue to fall

The prices paid for property at auction still have a long way to fall, but the outlook for the housing market is not quite as dire as a few months ago.
New research suggests that in recent weeks prices of residential properties sold at auction were 25 per cent lower than the same home could have achieved had it been sold through an estate agent.

By Chris Giles, Economics Editor
Published: May 12 2009 00:02 Last updated: May 12 2009 00:02

Copyright The Financial Times Limited 2009

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