Fifty-eight homes worth nearly £30m have been auctioned off by Hammersmith and Fulham Council in the past year. The local authority uses Hammersmith-based auctioneer Barnard Marcus to sell the properties to the highest bidder. At one of the firm's monthly auctions in central London recently, a four-bedroom flat was sold for £284,000. The council says the revenue raised by the sales goes towards new affordable homes, but opponents said 'precious' housing stock should not be sold when the waiting list for affordable properties was 'through the roof'. Read more on the H&F Chronicle.
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