The property auctions market is seeing a slowdown in sales, with data from Essential Information Group revealing a 13.3% on-year drop in the number of lots sold in July.
This was partly due to an 8.7% fall in the number of lots offered for sale.
EIG managing director David Sandeman said he was not surprised at the decline, but that while volumes had fallen, sentiment was nothing like it was at the time of the financial crisis.
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