The significance of private investors in the UK residential property auction market

Edes, Mathew (2010) The significance of private investors in the UK residential property auction market. BSc dissertation, University of Portsmouth.

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    Abstract

    This dissertation is a research investigation that aims to critically assess the significance of the private investor population within the UK residential property auction market. An initial literature search revealed limited research, both academically and professionally, therefore establishing the need for focused primary research. Research of past literature revealed a brief but extensive history of residential property auctions; a further, more in-depth, review of current literature identified that the concepts and theories relating to the residential auction market and the private investor population. With the need for further primary research established, primary data was collected via two methods: a self-administered auction room questionnaire distributed to the auction attendees; and a semi-structured telephone interview conducted with residential auction professionals. A ‘triangulation’ method was adopted with both primary research method and further second data which allowed for extensive findings and detailed conclusions to be drawn. The main findings incorporated the following key aspects: an increased number of private investors entering the market which consequently created an environment dominated by the private investors; this dominance however was not shared when identifying the purchasing power of the private investor population. The investigation into private investor buyer types identified that there were significant numbers of ‘first-time buyers’ entering the residential auction market whilst it also made clear that ‘cash-buyers’ with existing properties were the more influential buyer type; especially with the current economic conditions. The economic downfall had a varied impact on the repossession levels entering the residential auction market and although primary data was collected, little evidence could be considered to suggest that repossessions had any impact of the private investor.

    Item Type: Dissertation
    Departments/Research Groups: ?? EDAM ??
    Depositing User: Jane Polwin
    Date Deposited: 20 Jan 2011 12:48
    Last Modified: 28 Jan 2015 11:16
    URI: http://eprints.port.ac.uk/id/eprint/871

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