The most recent Allsop auction took place on December 15th and 17th 2009 and saw 415 lots offered for sale, a drop of 62% on the same time last year when Allsop were offering 1,100 properties for sale at auction.

Where to find repossessed properties for sale: Property Auction Houses

Due to the current financial crisis, the housing market has been in turmoil for well over a year and, as a result, there has been a huge increase in repossessions – many of these end up at auction. Repossessed properties sold at auction typically go for anything between 20% -50% less than their market price, [...]

The housing market may be down, but property auctioneers are enjoying something of a property boom. Estate agents are experiencing their leanest period for 30 years, yet the auction houses are full of repossessed homes; many looking to buy a property are going to auctions in the hope of getting a home at a bargain [...]

You may like to consider purchasing a repossessed house that is not being sold at auction.
Original article from Property Week 23.01.09 (re-written by HouseRepossession.co.uk)
The market leader in UK auctions is Allsop and they believe that house repossessions could make up to 80% of all lots in 2009, says Nick Duxbury.
While the rest of the [...]