Residential and development

Auctions: commercial sales soar while resi feels the pinch

By and David Lawson David Lawson22 July 2005

Source: Photograph: Stephen Parker

An air of gloom hung over the start of 2005. Interest rates were rising, buy-to-let had gone off the boil, house prices were levelling and commercial rents stubbornly refused to rise. Auctioneers began to nervously consider cancelling summer holidays.They still are, but not because there might be problems footing the ...

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