More property was put on auction this year than in 2017

Auctioneers said they were holding more auctions compared to last year following a growing pool of distressed borrowers whose assets were seized by aggressive lenders. FILE PHOTO | NMG

The number of property put up for auction rose this year compared with 2017, but auctioneers are struggling to sell them.

Auctioneers said they were holding more auctions compared to last year following a growing pool of distressed borrowers whose assets were seized by aggressive lenders.

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Note: The results are not exact but very close to the actual.