Auction watch – February update – The Property Chronicle
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Auction watch – February update The latest activity in the auction market

The Auctioneer

409 residential lots were offered in January 2018 – a 4% increase on last year (393), but the amount raised dropped by £5 million to £25 million (down 16%). There were no major commercial auctions held in January, so the 21 commercial lots offered were by regional, predominantly residential, auctioneers.

The rolling yearly figures show very marginal falls in the number of residential lots offered and sold, but the sale rate averaged a very healthy 76.5% over that period. The commercial sector has seen a more marked drop in lots offered and sold over the last 12 months – down 6% and 5.9% respectively, however the sale rate has remained strong at 79.3% and the amount raised largely comparable.

The Auctioneer

About Auction Watch

Auction Watch is a regular feature looking at the preceding month's auction activity, based on data from David Sandeman of the Essential Information Group.

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