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People now want a steal, not a deal... and auction sellers are the 'victims'; (1) LET IT BE: Rent will more than cover the mortgage on Rubi Kasuto's terrace in Leeds (2) CATCH OF THE DAY: Alan Palin, above, saved [pounds sterling]40,000 on this fisherman's cottage in Cornwall, which will cover fees and its refurbishment.

Article Excerpt
Byline: Martin Roberts

Martin Roberts, presenter of BBC1s property show Homes Under The Hammer, witnesses first-hand whats happening in Britains auction rooms. Could they be one part of the battlefield that is Britains property market where somebody is winning?

For the past few months I have been travelling the length and breadth of the UK filming the new series of Homes Under The Hammer. From Derbyshire to Dorset, I have been talking to the auctioneers selling property and the plucky auction buyers benefiting from some of the bargains currently on offer.

'Bargains? What bargains?' I hear you scoff. 'The property market is still in turmoil. Who would buy now?' The answer could well be: The Canny.

With all the uncertainties it is not surprising that many people are fearful of investing. But the near collapse of the world's banking system - spurring on the property...

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