Chart of the Day: Number of properties put up for auction up 24%

Majority remained as owner sale.

According to Knight Frank, the number of properties put up for auction increased to pre-2012 levels. The total number of properties put up for auction picked up strongly from a record low of 140 properties in 2H 2012 (since 1H 2002) to 224 properties in 1H 2013.

On a year-on-year basis, the auctions market saw a 24 per cent increase from 1H 2012.

Amongst the properties put up for auction in 1H 2013, majority (92 per cent of properties) remained as owner sale.

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