The auction market bounced back in May and made gains of 7.5% and 5.8% in lots offered and lots sold respectively. The overall amount raised fell slightly, down 2% to £507m, but this was largely caused by a fall in commercial revenues. The residential auction sector performed particularly strongly in May, with a 10% rise […]
After an encouraging start to 2018, it appears that the market has just cooled slightly, as the monthly figures below show falls across every measurable metric. Lots offered and lots sold were both down by 12% and 17% respectively, whilst the total raised fell £23m to £192m (-11%). Whether it’s just seasonal variance, increasing hesitation […]
In March the highest number of lots was put under the hammer since 2008 (3,263 lots). A decade ago the economy was in the midst of a credit crunch and the auction market saw increasing numbers of repossessions and motivated vendors but fewer buyers; indeed, the average sale rate was a lowly 62% compared to […]
The residential auction sector has certainly gone from strength to strength recently. Ignoring the anomaly of February 2016, when there was an unprecedented spike in transactions due to the impending stamp duty changes, the residential lots offered is the highest volume ever recorded in February; easily surpassing the previous record of 3.330 residential lots offered […]
