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Auction Watch – June update

by Auction Watch | Jun 19, 2018 | The Auctioneer

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...

Auction Watch – May update

by Auction Watch | May 24, 2018 | The Auctioneer

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...

Auction Watch – April update

by Auction Watch | Apr 23, 2018 | The Auctioneer

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...

Auction Watch – March update

by Auction Watch | Mar 26, 2018 | The Auctioneer

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...