RICS launches property auction guide

 

RICS LAUNCHES PROPERTY AUCTION GUIDE
Article date: 07/10/2005 : 17:59:43

The Royal Institution of Chartered Surveyors (RICA) has released a new guide to selling property at auction in order to simplify the increasingly popular process.

The top 20 UK auctioneers have reported a 16 per cent rise in the number of properties sold at auction during 2004.

It is intended that the new publication will make the rules and procedures of property auction more transparent and open for both buyers and sellers, as well as the legal community and auctioneers themselves.

Chairman of the RICS real estate auction division, Richard Auteric, said: "RICS have ensured that the conditions have evolved to meet the current needs of the marketplace and stem from the belief that professionals active in the auction market should act as innovators and examples of best practice for the entire real estate transactional market."
 
 
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